The article cites JPMorgan's base case that Bitcoin grows 10% a year, which would turn a $1,000 investment into about $1,500 and lift the price to nearly $120,000 by end-2030, compared with JPMorgan Asset Management's forecast annual returns of 7.5% for stocks, 6% for bonds and 5.5% for gold. A bull case assumes Bitcoin repeats its 37% compound annual growth from the previous decade, reaching about $280,000 and turning $1,000 into about $3,500. Coinbase CEO Brian Armstrong has predicted $300,000, possibly $400,000, by end-2030, citing higher institutional adoption and a clearer regulatory outlook. Michael Saylor of Strategy recently admitted Bitcoin might struggle to return to $100,000 next year. The article says the outcome depends on whether Bitcoin becomes a mainstream financial asset or remains highly speculative.
Summary written by Upside AI from the original article. Read the source for full details.
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 10/30/2026 | 77,368.77 |
| Change that session | -0.80% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- JPMorgan Chase Says That Bitcoin Will Outperform Stocks, Bonds, and Gold Over the Next 10 Years. Here's Why It Might Be Right
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.
- JPMorgan Predicts Bitcoin Will Outpace Stocks, Bonds, and Gold Over the Next Decade. Is Bitcoin Now a Screaming Buy?
JPMorgan Asset Management's 2027 Long-Term Capital Market Assumptions report includes its first return forecast for Bitcoin, with a base case of 10% annualized over 10 to 15 years, a bear case of -11.2% and a bull case of about 16.5%. In the base case, $100 invested in Bitcoin would grow to $259 in 10 years, versus $206 for large-cap stocks; JPMorgan's forecasts for U.S. large caps, gold and REITs are 7.5%, 5.5% and 8.2% a year. The bank notes Bitcoin is not included as an allocation, assumes 55% annualized volatility versus 18% for U.S. large caps and 17.2% for gold, and sees unstable correlations with other assets. The author says a small position may suit investors with high risk tolerance and suggests limiting it to about 5% of a portfolio, noting the bear case leaves roughly 30% of the money after 10 years. As of Oct. 26, Bitcoin was trading about 36% below its all-time high set in October 2025.
- JPMorgan projects 10% annual Bitcoin returns over the next decade — but won't recommend buying it
A JPMorgan asset management report published Oct. 19 projects 10% annualized returns for Bitcoin over the next 10 years, compared with 5.5% for gold, 5.6% for Treasury bonds and 7.5% for large-cap equities. However, analysts Sheena Shah and Dennis Cristallo said they do 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. The report does not endorse including Bitcoin in a diversified portfolio. Bitcoin peaked at just over $126,000 in October 2025 but has since fallen about 35%, trading near $81,500 as of Oct. 23. The shift contrasts with years of criticism of Bitcoin by CEO Jamie Dimon.
- 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.
Related markets
Latest news
- Micron's Chinese Rival CXMT Just Grew Its Sales More Than Sevenfold. I'd Buy Micron Stock Now.
CXMT, China's largest DRAM maker, reported third-quarter revenue up 613% year over year to about 118.7 billion yuan (roughly $18 billion), driven mainly by a global DRAM shortage that lifted both volumes and prices. Its gross margin of about 89.5% suggests memory prices remain high across the industry, though quarter-on-quarter revenue growth slowed to around 19%. CXMT is still roughly a third the size of Micron, and its global DRAM revenue share was 9.5% versus Micron's 23.3%, per TrendForce. The author sees Micron still benefiting from the shortage, but notes the risk that CXMT's large cash pile could fund capacity expansion, which Micron has warned could lead to oversupply. Micron trades at about 12 times fiscal 2026 earnings, and the author still favors the stock at current prices while suggesting building a position gradually, since memory prices can turn quickly.
- Before Buying Anthropic Stock, Here's What History Says About Investing in IPOs
Anthropic publicly filed its S-1 on Oct. 26 and could go public as soon as the week of Nov. 16, leaving investors under a month to decide. Looking at history, Meta's stock fell 47% below its $38 May 2012 IPO price before soaring 1,572% through May 2026, while five of the 10 largest IPOs by capital raised had negative returns in their first three months. The top performers among those 10 were financial, technology, or consumer companies, while the four weakest were in energy, telecom, and utilities. The article notes that first-day gains are often reported using the IPO price set for institutions, which differs from what retail investors paid. Rather than focusing on day-one returns, the author suggests asking whether Anthropic could be a high-conviction holding that can withstand a slump.
- Strategy's Michel Saylor Says the Next Bitcoin Bull Market Has Already Started. Here's Why He's Right.
Michael Saylor, executive chairman of Strategy (formerly MicroStrategy), argues the next Bitcoin bull market is already underway, pointing to the price bounce off the 200-week moving average after the late-June bear-market bottom. The author agrees with the conclusion but not the evidence, since it relies solely on price action, and prefers to track which holders are capitulating or buying. Bitcoin's June 30 low of $58,525 closed 6.5% below the moving average, and at the June lows coins sold at a loss outnumbered profitable sales by about 12 to 1. That balance flipped in late August, and holders now sell at a profit about four coins for every one sold at a loss, while longtime holders resumed net buying in early July. The article also notes the next halving in early April 2028, with past pre-halving rallies lasting 400 to 518 days.
- Despite stalled talks, Trump yet to decide on new Iran strike
On October 31, U.S. Secretary of State Marco Rubio said President Donald Trump has not yet decided whether to strike Iran again, amid reports the U.S. could resume attacks after the November 3 midterm elections. Rubio accused Iran of openly and deliberately targeting commercial vessels, while stressing that Trump prefers a diplomatic solution, and declined to comment on negotiations or give a timeline for a deal. Iranian negotiators are meeting Qatari mediators in Doha; Iranian Foreign Minister Abbas Araghchi said Tehran has reviewed a letter from U.S. Vice President J.D. Vance and called it a “positive step.” According to Reuters, Iranian officials reportedly dislike Qatar's seven-day plan and have proposed their own: the U.S. would lift its blockade of Iranian ports, release frozen assets and approve an Iran-backed shipping arrangement through the Strait of Hormuz. Supreme Leader Mojtaba Khamenei warned the U.S. and Israel not to carry out further attacks and ordered the armed forces to be ready to respond immediately.
- AI investors rush to hedge against potential tech market downturn - WSJ
According to The Wall Street Journal, investors and technology executives are increasingly seeking protection against a possible downturn in the AI market, as concerns grow over the sustainability of trillions of dollars in AI-related investment. Demand for hedging tools such as put options and credit-default swaps (CDS) has accelerated after sharp declines in tech stocks; the Nasdaq Composite fell 2.9% on Friday, its worst monthly performance since March 2025. CoreWeave has drawn particularly strong demand for downside protection, with trading volumes for put options tied to the company hitting record levels in October, according to Cboe Global Markets. The risk has also spread to corporate debt, as the cost of insuring against defaults by Amazon, Alphabet, Microsoft, Meta and Oracle has risen to its highest level since 2021, with Oracle's CDS spreads widening by more than one percentage point. Jump Trading has launched a computing-power trading desk offering derivatives to protect data center operators against falling chip rental prices, as Nvidia B300 rental rates have risen about 56% this year.
- 30% Tax Cut: Over 81% of Enterprises and 99.98% of Household Businesses Benefit
The government has issued a decree guiding the National Assembly's resolution on cutting personal income tax and corporate income tax, effective from 29 October. Under it, household businesses and enterprises with annual revenue of up to 10 billion VND get a 30% reduction in tax for this year and next; if revenue exceeds 10 billion VND, they must pay back the reduced tax. Taxpayers determine the reduction themselves when paying tax quarterly or per declaration period, and for 2026, reductions not yet declared will be applied at annual finalization. According to the Ministry of Finance, 99.98% of household businesses and about 81.11% of enterprises are eligible. The policy is expected to reduce state budget revenue by about 6,700 billion VND over 2026–2027.
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.