✉news BusinessCrypto first seen 4 d ago, last 3 d ago, peak #27
JPMorgan forecasts 10% annual bitcoin returns long term
Original: JPMorgan issues first long-term bitcoin return forecast, projecting 10% annually
JPMorgan has issued its first long-term bitcoin return forecast, projecting annual gains of around 10% for the cryptocurrency. The projection gives institutional investors a benchmark for valuing bitcoin against other asset classes and marks a notable step in the bank's treatment of crypto as an asset worth modelling. Analysts are likely to debate whether a 10% figure overstates or understates bitcoin's risk-adjusted potential, particularly given its volatility relative to equities.
Why now: A major Wall Street bank putting a number on bitcoin's long-term expected returns is significant news for institutional crypto investors.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/3029866