JPMorgan has published projections showing that Bitcoin could outperform US stocks and gold over the next decade. The bank’s bull case targets an annualized return of 16.6% for Bitcoin, while its bear case projects an annualized loss of 11.2%. These calculations considered BTC supply growth relative to money supply, its potential role alongside gold, and network adoption. Matt Hougan, Chief Investment Officer at Bitwise, commented on the projections, highlighting Bitcoin’s growing recognition by financial institutions. Bitwise published an even more bullish forecast, projecting Bitcoin could reach $1.3 million by 2035 with a base-case annualized return of 28.3%.
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