JPMorgan projects 10% annual bitcoin returns, topping stocks and bonds over next decade

JPMorgan's 2027 Long-Term Capital Market Assumptions report projects bitcoin will return 10% annually over the next decade in its base case, outperforming U.S. stocks, bonds and gold. The bank's bear case forecasts a 9.7% annual loss, while the bull case projects 17% annual gains. JPMorgan views bitcoin as a speculative asset and a hedge against monetary easing, noting its volatility and unstable correlations as obstacles to portfolio inclusion.