A new report from the asset management arm of JPMorgan Chase projects that Bitcoin could return 10% annually over the next 10 years in its base case, versus 7.5% for U.S. large-cap stocks, 5.6% for broad U.S. bonds and 5.5% for gold. The projection rests on three drivers: Bitcoin's slowing supply growth relative to global money growth (65% weight), its inclusion in portfolios alongside scarce store-of-value assets such as gold (30%), and rising network activity. Under this model, the coin would be priced at about $211,130 by 2036, compared with $81,300 as of Oct. 26; the bear case calls for an 11.2% annual loss and the bull case a 16.6% annual gain. The bank expects volatility of 55% in all scenarios and describes Bitcoin as 'a speculative asset and a hedge against monetary easing.' The article says these forecasts are conservative relative to Bitcoin's 63% 10-year compound annual growth rate but appear reasonable.
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Related tickers and likely impact
BTC/USDT
▲ Likely positiveBitcoin
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 10/26/2026 | 80,150.56 |
| Change that session | 0.00% |
XAU/USD
▼ Likely negativeRelevance: low
| Market | Gold |
|---|---|
| Close on 10/26/2026 | 4,017.27 |
| Change that session | +0.54% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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