JPMorgan: Bitcoin to outperform stocks and gold in the coming decade

JPMorgan publishes a forecast that Bitcoin will yield an annual return of 10% over the next decade, outperforming stocks, bonds, and gold. The bank projects a price of approximately $211,000 by 2036, but defines the cryptocurrency as a volatile speculative asset.

Investment bank JPMorgan has published an optimistic forecast for the coming decade, predicting that Bitcoin will outperform stocks, bonds, and gold. According to a report by its asset management arm, the digital currency is expected to generate an annual return of 10%, compared to 7.5% for US stocks, 5.6% for bonds, and 5.5% for gold. The bank's growth model sets the price of Bitcoin at approximately $211,130 by 2036, with a bearish scenario of $24,817. Analysts base the forecast on a slowdown in the rate of new coin creation, its integration into investment portfolios alongside gold, and an expected increase in network activity. However, the bank emphasizes that Bitcoin is likely to remain a highly volatile asset with 55% volatility, defining it as a "speculative asset" not recommended for portfolio diversification at this stage. The very publication of the report represents significant recognition of Bitcoin's potential by one of the world's largest banks.