A scene of magical realism: In 2017, Jamie Dimon was still calling Bitcoin a scam. Nine years later, JPMorgan Asset Management included it for the first time in its *Long-Term Capital Market Assumptions* (2027 edition, released October 19): a 10% annualized return in the base case over the next 10–15 years, beating U.S. large-cap stocks at 7.5% and gold at 5.5%. Of course, the report also poured cold water on it—55% volatility, still a “speculative asset,” and not recommended as a core portfolio holding. They bash it in public, but it ranks first in the model 😂

#比特币 #Wall Street