Crypto · October 20, 2026
JPMorgan issues first long-term bitcoin return forecast, projecting 10% annually

J.P. Morgan Asset Management has included Bitcoin in its Long-Term Capital Market Assumptions (LTCMA) report for the first time, forecasting a 10% annual return over the next decade. While this projection suggests Bitcoin could outperform traditional assets like U.S. stocks, bonds, and gold, the bank cautioned that high volatility (estimated at 55%) and inconsistent correlations with other assets limit its suitability for broad portfolio inclusion.
Read the original coverage
- The BlockCrypto trade press
JPMorgan issues first long-term bitcoin return forecast, projecting 10% annually
Read at The Block ↗ - CoinDeskCrypto trade press
JPMorgan sees 10% annual bitcoin returns, topping stocks, bonds and gold over next decade
Read at CoinDesk ↗ - CointelegraphCrypto trade press
JPMorgan projects Bitcoin to outperform US stocks and gold over next decade
Read at Cointelegraph ↗
Hype check
How the hype check worksConfirmed · 2
Backed by filings, on-chain data, official statements or several independent publishers.
- JPMorgan projected a 10% annual return for Bitcoin over 10 years. (J.P. Morgan Asset Management)
- Bitcoin volatility is projected at 55% annually. (J.P. Morgan Asset Management)
Claimed · 0
Said by a company, project or person; not yet independently confirmed.
- None identified.
Speculation · 0
Price talk, forecasts or unnamed sources, quoted as someone else's view.
- None identified.
Reported by multiple outlets
- J.P. Morgan Asset Management projected a 10% annual return for Bitcoin over the next decade.
- This is the first time Bitcoin has been included in JPMorgan's Long-Term Capital Market Assumptions report.
- The report estimates Bitcoin's annual volatility at 55%.
- JPMorgan maintains that high volatility and unstable correlations currently limit Bitcoin's role in traditional investment portfolios.
Reported by only some outlets
- JPMorgan's forecast for Bitcoin tops its projections for stocks, bonds, and gold.
Industry-friendly coverage frames it as…
emphasize Bitcoin's inclusion in a major institutional outlook as a milestone, even while acknowledging the risk warnings.
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