JPMorgan Asset Management has included Bitcoin in its long-term capital market assumptions for the first time, with base-case annualized returns of 10% over the next decade. The forecast also assumes annual volatility of 55%, more than three times that of US large-cap stocks, so the firm has not added Bitcoin to its main portfolio models, citing unstable correlations with other assets. The JPMorgan team says it is premature to treat BTC as a diversifier in a balanced portfolio, though that could change if volatility declines and correlations stabilize. About one in ten clients surveyed said their portfolios hold crypto and roughly 17% plan to prioritize it, helped by a more developed regulatory framework. Bitcoin ETF investors who bought near the 2025 peak of just over $126,000 saw their holdings lose as much as 50%.
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Related tickers and likely impact
BTC/USDT
▲ Likely positiveBitcoin
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 10/19/2026 | 81,938.40 |
| Change that session | -0.22% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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