JPMorgan never called bitcoin the best-performing asset of the decade. Bitwise CIO Matt Hougan did, reading their report, and Bitwise sells crypto funds
what J.P. Morgan Asset Management actually wrote for $BTC
:
🔸 10% a year, base case
🔸 55% volatility, more than three times US large caps
🔸 bear case -9.7% a year
large caps 7.5%, gold 5.5%. private equity 9.8%, a hair under bitcoin, and nobody hashtags that)
so yes, 10% beats 7.5%. with triple the swings, and a bear case that loses money every year on average
the line the tag skips: bitcoin is not included as an allocation, and the team calls it premature as a diversifier
they put a range on bitcoin, not a buy rating
what I'm watching: whether the next edition moves that -9.7%. it tells you more than the 10%
#BTC #JPMorgan
what J.P. Morgan Asset Management actually wrote for $BTC
:
🔸 10% a year, base case
🔸 55% volatility, more than three times US large caps
🔸 bear case -9.7% a year
large caps 7.5%, gold 5.5%. private equity 9.8%, a hair under bitcoin, and nobody hashtags that)
so yes, 10% beats 7.5%. with triple the swings, and a bear case that loses money every year on average
the line the tag skips: bitcoin is not included as an allocation, and the team calls it premature as a diversifier
they put a range on bitcoin, not a buy rating
what I'm watching: whether the next edition moves that -9.7%. it tells you more than the 10%
#BTC #JPMorgan