JPMorgan predicts $BTC will be the best-performing asset of the next decade, even though the bank’s chief once called it a scam.
JPMorgan has included Bitcoin in its long-term capital market assumptions report, forecasting average annual returns of around 10% over the next 10 years—outperforming both U.S. stocks and gold.
Several financial news outlets have confirmed this is the first time JPMorgan has officially classified Bitcoin as a long-term asset in an internal report, rather than treating it solely as a derivative product sold to clients.
The report doesn’t say which way BTC will move in the short term, and the bank has maintained its usual warnings about price volatility.
The ironic detail: JPMorgan CEO Jamie Dimon once called Bitcoin a scam, not so long ago.
At the time of writing, $BTC is trading around $83,000, up slightly over the past 24 hours. I’ll be watching to see whether institutional money actually follows this forecast.
Personal observations, not investment advice.
#JPMorganPredictsBitcoinBestPerformingAssetOverNextDecade #TinFed #BTC
JPMorgan has included Bitcoin in its long-term capital market assumptions report, forecasting average annual returns of around 10% over the next 10 years—outperforming both U.S. stocks and gold.
Several financial news outlets have confirmed this is the first time JPMorgan has officially classified Bitcoin as a long-term asset in an internal report, rather than treating it solely as a derivative product sold to clients.
The report doesn’t say which way BTC will move in the short term, and the bank has maintained its usual warnings about price volatility.
The ironic detail: JPMorgan CEO Jamie Dimon once called Bitcoin a scam, not so long ago.
At the time of writing, $BTC is trading around $83,000, up slightly over the past 24 hours. I’ll be watching to see whether institutional money actually follows this forecast.
Personal observations, not investment advice.
#JPMorganPredictsBitcoinBestPerformingAssetOverNextDecade #TinFed #BTC