JPM · News · 20261020N

Bitcoin Return Forecast

JPMORGAN CHASE & CO · 2026-10-20 · Importance 21 · Surprise 40

J.P. Morgan’s 2027 Long-Term Capital Market Assumptions project Bitcoin to deliver a 10% compound annualized return over the next 10 to 15 years. The forecast exceeds the firm’s projections of 7.5% for U.S. large-cap equities and 5.5% for gold. Bitcoin is included as a return range but not as a portfolio allocation, which J.P. Morgan characterized as permission to evaluate the asset rather than a recommendation to purchase it.

Key facts

• JPMorgan's 2027 Long-Term Capital Market Assumptions projects Bitcoin at a 10% compound annualized return over the next 10 to 15 years. source
• JPMorgan included the statement "This is permission to look, not permission to buy." in its press release about Bitcoin being introduced in the 31st edition of the LTCMAs. source