J.P. Morgan Asset Management has included bitcoin for the first time in its long-term return assumptions, forecasting a 10% annual compounded return over 10 to 15 years. This exceeds the outlook for US large-cap stocks (7.5%) and gold (5.5%). In exchange, the estimated annual volatility reaches 55%, compared to roughly 18% for US large-cap equities. No allocation is recommended and bitcoin remains outside the bank’s main portfolio models. Bitcoin trades around $81,340, down 1.5% over 24 hours.
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