JPMorgan says bitcoin could outperform most assets over next decade but remains too volatile to recommend

JPMorgan's asset management division stated in its 2027 Long-Term Capital Market Assumptions report that bitcoin could outperform stocks, bonds and gold over the next 10 years, but the bank still considers it too volatile to recommend for strategic investors' portfolios. The report notes that bitcoin currently lacks a clear role as a diversifier due to unstable correlations with other asset classes, and mostly trades like a high-beta risk asset tracking global money supply growth. While volatility has dampened, JPMorgan considers it premature to view BTC as a portfolio diversifier until correlations stabilize and liquidity improves.