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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 10/16/2026 | 81,615.64 |
| Change that session | -0.77% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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Strategy, the largest corporate Bitcoin holder, conditionally declared daily dividends on its STRC preferred stock for each day of November, subject to shareholder approval and related amendments. The annualized rate would stay at 12%, which management plans to keep recommending until STRC shows sustained, healthy trading near its $100 par value. STRC was down 0.2% at $99.32 on Friday. Last week, Strategy bought 250 Bitcoin for $21.5 million, bringing its holdings to 848,250 BTC, while in the week ending Oct. 4 it repurchased $176 million of STRC, more than six times its $28 million in Bitcoin purchases.
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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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In its 2027 Long-Term Capital Market Assumptions, released October 19, JPMorgan Asset Management projects a 10% annual compounded return for Bitcoin over 10 to 15 years, its first long-term Bitcoin forecast, above the 7.5% for U.S. large-cap stocks, 8.2% for REITs and 5.5% for gold. Bitwise CIO Matt Hougan highlighted the forecast, though the article notes these are modeled estimates rather than a short-term market call. At the same time, JPMorgan assigns Bitcoin 55% annualized volatility, roughly three times the approximately 18% assumed for U.S. large-cap equities and 17.2% for gold. The bank has not added Bitcoin to its main covariance matrices, citing its volatility and unstable correlations with conventional assets, and instead analyzes it in a separate, smaller matrix. For comparison, JPMorgan projects 7% annually for a portfolio of 60% equities and 40% bonds over the same horizon.
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