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Add as a preferred source on GoogleJPMorgan Forecast Sees Bitcoin Likely to Outperform Stocks, REITs and Gold
The bank estimates a 10% compounded annual return over 10 to 15 years and warns Bitcoin may remain highly volatile.
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JPMorgan’s long-range forecast assigns Bitcoin (BTC) a 10% compounded annual return, which would put the cryptocurrency ahead of large-cap stocks, REITs and gold over a 10-to-15-year period.
The bank cautions that Bitcoin could remain highly volatile.
JPMorgan CEO Jamie Dimon has criticized Bitcoin, calling it a “fraud” in 2017 and a “pet rock” in 2023. Institutional clients may use Bitcoin and Ether (ETH) to secure loans from the bank. JPM Coin (JPMD) is available on Ethereum and Base.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.