See the full story in the original article.
Read the original on Yahoo Finance ↗
Keywords
Open a keyword to see other news on the same topic.
Related tickers and likely impact
BTC/USDT
• NeutralBitcoin
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 10/20/2026 | 83,028.15 |
| Change that session | +1.33% |
XAU/USD
• NeutralRelevance: low
| Market | Gold |
|---|---|
| Close on 10/20/2026 | 4,125.21 |
| Change that session | -0.38% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- JPMorgan forecasts 10% bitcoin returns: What to know
Scott Melker reviews JPMorgan's recent comments on bitcoin, with the bank's asset managers forecasting roughly 10% annual returns for bitcoin, versus about 7.5% a year for stocks and 5.5% for gold. He says it is the first time JPMorgan has attached a number to its bitcoin expectations, which he considers the key news. The piece also recalls Jamie Diamond calling bitcoin 'a scam' and 'rat poison', even as JPMorgan becomes more deeply entrenched in the space. The commentator argues the research shows JPMorgan is finally studying crypto as an investment.
- JPMorgan says Bitcoin will beat stocks, bonds and gold
JPMorgan now expects bitcoin to outperform U.S. stocks, bonds and gold over the next 10 years, with a 10% annualized base-case forecast. It is the first time the bank has set a range for bitcoin returns, a notable shift for a firm whose CEO once called the asset a “fraud.”
- JPMorgan Expects Bitcoin to Beat Stocks and Gold Over the Next Decade. Why Is Justin Sun Turning More Bearish?
JPMorgan Asset Management has included Bitcoin in its 2027 long-term return forecasts for the first time, estimating a 10% compound annual return over 10 to 15 years, versus 7.5% for U.S. large-cap stocks, 8.2% for U.S. REITs and 5.5% for gold, though projected annual volatility is 55%. In an October 16, 2026 interview, Justin Sun said AI and quantum computing could threaten Bitcoin's security within 1 to 1.5 years, making him “slightly more bearish.” Many cryptographers argue the threat from classical computers is overstated, and Bitcoin developers are working on quantum-resistant address proposals such as BIP 360. The article also notes Sun's potential conflict of interest, since Tron competes directly with Bitcoin. As of October 20, Bitcoin was priced at $81,453, down 6.8% year-to-date.
- JPMorgan Says Bitcoin Will Beat Gold and Stocks — After Years of Crypto Skepticism
- JPMorgan sees 10% annual bitcoin returns, topping stocks, bonds and gold over next decade
JPMorgan's 2027 Long-Term Capital Market Assumptions report projects a 10% annual return for bitcoin over the next decade in its base case, ahead of its forecasts for U.S. bonds (5.6%-6.6%), large- and small-cap stocks (7.5% and 7.7%) and gold (5.5%). It is the first time the bank has given a range for bitcoin, from a bear case of -9.7% a year to a bull case of 17%. Despite the upbeat base case, JPMorgan remains cautious, calling bitcoin a speculative asset whose volatility and unstable correlations hinder its inclusion in portfolios. Its portfolio manager and digital asset strategy head said bitcoin lacks a strategic role beyond a bet on fiat currency expansion or future asset trading on blockchains, and that forecasting it is hard because its value depends on adoption, regulation and liquidity rather than cash flows.
- Bitcoin Could Beat Stocks, Gold Over 10 Years, Says JPMorgan – But It Comes With A Volatility Warning
J.P. Morgan Asset Management's 2027 Long-Term Capital Market Assumptions forecast a base-case annual return of 10% for Bitcoin over the next 10 years, ahead of U.S. large-cap stocks (7.5%), U.S. REITs (8.2%) and gold (5.5%). The forecast comes with 55% annualized volatility, compared with 18% for U.S. large caps, and the bear and bull cases are annual losses of 11.2% and gains of 16.6%. JPMorgan still leaves Bitcoin out of its core portfolio allocation models, calling it speculative and too volatile, with correlations of 0.33 to U.S. large caps and 0.10 to gold. The firm says Bitcoin could play a larger role if volatility falls, correlations stabilize and regulation becomes clearer. At the time of the article, Bitcoin was trading around $81,400, down over 1%.
Related markets
Latest news
- Bank Profits Surge
The 9-month 2026 results show many banks continued to grow profits, with some posting record quarterly earnings. VPBank's pre-tax profit reached nearly VND 30,000 billion, up nearly 47%, equal to its full-year 2025 result and about 72.4% of its 2026 plan; Q3 pre-tax profit topped VND 11,000 billion. Techcombank posted VND 28,900 billion (up 23.7%), while LPBank reported VND 10,421 billion (up nearly 9%). SSI forecasts pre-tax profit of its monitored banks to rise 19.5% in 2026 before slowing to 15.4% in 2027, pressured by narrowing net interest margins and rising credit risk provisions. It also expects system-wide credit growth of 16-17% in 2027 and 17.9% for the monitored banks.
- World's Largest Gold Fund Dumps Over 10 Tonnes of Gold as Prices Slide
SPDR Gold Trust, the world's largest gold fund, continued net selling of nearly 12 tonnes of gold in the 22/10 session, bringing total sales over 2 sessions to nearly 15 tonnes and cutting its holdings to about 1,046 tonnes. Spot gold fell more than 2.8% to around USD 4,025 per ounce at the close of 22/10, and briefly dipped below USD 4,000 per ounce in the morning session of 23/10. Tensions in the Middle East pushed crude oil prices higher, raising concerns about inflation and further Fed tightening, and gold has still not attracted sustained safe-haven demand even as US Treasury yields fell. US September CPI rose 0.6% month on month and 3.7% year on year, while PPI rose 1.3% and 6.3%. Markets price about an 84% chance the Fed holds rates steady at its 27-28/10 meeting and a 16% chance of a 25 basis-point increase; September PCE data due on 29/10 is the next key factor to watch.
- Gold Prices Continue to Fall
On the morning of 23/10, domestic gold prices kept falling, with SJC bar prices varying by seller and the premium over world gold widening. Công ty TNHH Vàng bạc đá quý Sài Gòn listed SJC bars at VND 139-142 million per tael (buy-sell), down VND 300,000; Phú Quý was at VND 138-141.8 million, down VND 500,000; and Mi Hồng at VND 140-141.5 million, down VND 800,000. Gold rings also fell by varying amounts, with DOJI at VND 138-142 million and Phú Quý at VND 138-141 million per tael. World gold dropped USD 129 to around USD 3,992 per ounce, equal to about VND 125.3 million per tael, leaving SJC bars about VND 16.7 million per tael above the world price. The State Bank's central rate was set at 25,627 VND/USD, down 5 dong, while Vietcombank quoted 25,660-26,040 VND/USD (buy-sell).
- Company Linked to Billionaire Pham Nhat Vuong Announces Major Good News
VEFAC (ticker VEF), a Vingroup subsidiary, posted Q3 net revenue of nearly VND 77 billion, up 67% year on year, but a gross loss of about VND 27 billion as cost of sales from its exhibition business exceeded revenue. Q3 profit rose mainly thanks to a gross gain of about VND 65 billion from transferring some schools in a project to a partner, while financial income reached over VND 388 billion, mostly from loan and investment income. For the first nine months of 2026, after-tax profit was nearly VND 865 billion, down about 94% from VND 15,418 billion in the same period of 2025, as the prior year included large gains from transferring part of the Vinhomes Global Gate project. As of 30/9/2026, total assets stood at over VND 31,905 billion, up 36% from the start of the year, while total liabilities exceeded VND 24,364 billion, with short-term customer advances rising from VND 411 billion to over VND 8,373 billion.
- Lotte and Phat Dat Officially Break Ground on VND 60,000 Billion Mega Project in Thu Thiem 'Golden Land'
A joint venture between Lotte Group (South Korea) and Phát Đạt (HoSE: PDR) officially broke ground on 23/10 on Lotte Eco Smart City Thu Thiem in the Thu Thiem New Urban Area, HCMC, with total investment of about VND 60,000 billion. The project covers nearly 7.5 ha and will combine Grade A offices, retail, services, accommodation and housing, adjoining the central plaza and central lake of Thu Thiem. Phát Đạt holds 35% of Lotte Properties HCMC, the project developer, and will develop the housing blocks along with two towers (2-1 and 2-3) with about 219,722 m2 of floor area, while Lotte handles block 2-5. Lotte Properties HCMC paid VND 17,569 billion in land-use fees on 31/7/2026, and Phát Đạt completed its VND 7,666 billion payment to take its 35% stake. MB is funding all of Phát Đạt's capital contribution, while VietinBank and BIDV also support the project.
- International Business : Global stocks nosedive as Meta dents AI optimism
Global stocks retreated as tech earnings failed to ease concerns about the AI outlook, with MSCI's All-World index set for its largest daily fall in two weeks, down 0.4 per cent. Meta beat third-quarter revenue expectations, but its plan to issue non-voting stock revived worries about its mounting capital commitments, and a New Mexico judge ordered it to pay a $25 billion penalty in a data privacy case. Brent crude rose nearly 3% to $112 a barrel, near a five-month high, after more Houthi attacks in Saudi Arabia raised supply risks. Investors moved into government bonds, pushing the US 10-year yield down to 5.05%, below France's for the first time in 13 years, while French yields have climbed above 5% amid concerns over social unrest and debt. The France-Germany 10-year spread reached 177.7 basis points, its widest since 2011, while gold fell 1.8% to $4,070 an ounce.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.