JPMorgan Asset Management Projects 10% Annualized Bitcoin Return Through 2027

Cointime reports: JPMorgan Asset Management has added bitcoin to its 2027 long-term capital market assumptions, projecting a 10% compound annualized return, Grayscale research head Zach Pandl said on Nov. 4. The estimate tops US large-cap stocks at 7.5%, private equity at 9.8%, a 60/40 portfolio at 7% and gold at 5.5%. JPMorgan also assumes 55% annualized bitcoin volatility and excludes the asset from its main portfolio models, calling it speculative.