JPMorgan forecasts 10% bitcoin returns: What to know

What happened: JPMorgan forecast 10% annual bitcoin (BTC-USD) returns, according to Scott Melker, who discussed the bank's comments on bitcoin versus stocks and gold (GC=F). Key numbers: 10% forecast annual bitcoin return; 7.5% expected annual stock return; 5.5% expected annual gold return. Why it matters: Melker says this is the first time JPMorgan has attached a number to its bitcoin expectations, calling it significant that the bank is now researching crypto as an investment. Market: +1.0% today ($82,671.89), -6.8% YTD, 1.1x vol — as of 17:32 UTC

JPMorgan forecast 10% annual bitcoin (BTC-USD) returns, according to Scott Melker, who discussed the bank's comments on bitcoin versus stocks and gold (GC=F).

Melker says this is the first time JPMorgan has attached a number to its bitcoin expectations, calling it significant that the bank is now researching crypto as an investment. Market: +1.0% today ($82,671.89), -6.8% YTD, 1.1x vol — as of 17:32 UTC