J.P. Morgan Asset Management projects a 10% annual return for Bitcoin over the next decade in its 2027 Long-Term Capital Market Assumptions, published October 19. That is the highest figure in the report's table, ahead of U.S. REITs at 8.2%, U.S. large caps at 7.5%, aggregate bonds at 5.6%, gold at 5.5% and cash at 3.2%. The bank also gives a bull case of 16.6% and a bear case of -11.2% per year, from an $83,000 starting price on September 30, which translate to about $386,000, $215,000 (base) and $25,000 per BTC by 2036. The authors call Bitcoin a speculative asset, say a 10-year forecast is premature, and keep it out of their main portfolio models; one framework based on network adoption gives a base case of -3.2% a year. U.S. spot Bitcoin ETFs took in $23.2 million on Tuesday, and three newly created wallets received 1,090 BTC ($90.38 million) from Wintermute early on Wednesday.
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Related tickers and likely impact
BTC/USDT
▼ Likely negativeBitcoin
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 10/20/2026 | 83,028.15 |
| Change that session | +1.33% |
JPM
• NeutralJPMorgan Chase
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Financials |
| Industry | Diversified Banks |
| Market cap | $891.9B |
| Close on 10/20/2026 | 335.39 |
| Change that session | +0.56% |
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