JPMorgan projects 10% annual Bitcoin returns over the next decade — but won't recommend buying it

What happened: JPMorgan's asset management arm published an Oct. 19 report projecting 10% annualized Bitcoin returns over the next decade, while stating it does not recommend Bitcoin for diversified portfolios. Key numbers: 10% projected annualized Bitcoin returns; gold 5.5%, Treasury bonds Why it matters: Analysts Sheena Shah and Dennis Cristallo called Bitcoin a speculative asset and hedge against monetary easing, citing unstable correlations and high volatility that limit its use in strategic asset allocation. The forecast contrasts with CEO Jamie Dimon's past criticism of Bitcoin. Market: -0.5% today ($80,866.04), -8.4% YTD — as of 23:45 UTC

JPMorgan's asset management arm published an Oct. 19 report projecting 10% annualized Bitcoin returns over the next decade, while stating it does not recommend Bitcoin for diversified portfolios.

Analysts Sheena Shah and Dennis Cristallo called Bitcoin a speculative asset and hedge against monetary easing, citing unstable correlations and high volatility that limit its use in strategic asset allocation. The forecast contrasts with CEO Jamie Dimon's past criticism of Bitcoin. Market: -0.5% today ($80,866.04), -8.4% YTD — as of 23:45 UTC