JP Morgan adds Bitcoin to long-term forecasts, predicts 10% annual return

JP Morgan has included Bitcoin in its long-term return forecasts for the first time. In its base scenario, the bank projects a 10% annual return for the token over the next 10 years, a figure that exceeds the expected returns for stocks, bonds, or gold. However, JP Morgan anticipates that Bitcoin will experience annual volatility of approximately 55%, which is more than three times the volatility of large US stocks. Due to this high volatility, the bank has decided not to include Bitcoin in its standard portfolios. This development follows a separate report noting that crypto fraud cost Americans over $11 billion last year, roughly three times the amount from three years prior.