JPMorgan Asset Management included Bitcoin in its 2027 Long-Term Capital Market Assumptions report for the first time, projecting a 10% annualized return for Bitcoin over the next decade, versus 7.5% for large-cap US stocks and 5.5% for gold. Its bull case puts Bitcoin's annualized return at 16.6%, while its bear case projects an annualized loss of 11.2%. JPMorgan still does not make a case for Bitcoin as a portfolio diversifier due to unstable market correlations, describing it as a speculative asset and a hedge against monetary easing. Bitwise CIO Matt Hougan welcomed the inclusion, and his firm had earlier projected Bitcoin could reach $1.3 million by 2035, with a base-case annualized return of 28.3%.
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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 10/19/2026 | 81,938.40 |
| Change that session | -0.22% |
XAU/USD
▼ Likely negativeRelevance: low
| Market | Gold |
|---|---|
| Close on 10/19/2026 | 4,140.75 |
| Change that session | -0.60% |
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