🏦 JPMorgan’s 2027 Long-Term Capital Market Assumptions includes a return forecast for #Bitcoin for the first time: 10.0% compound annual return over 10-15 years, with 55% annualized volatility Compound annual returns for comparison: 🔹 Private equity: 9.8% 🔹 US REITs: 8.2% 🔹 US large cap: 7.5% 🔹 60/40 portfolio: 7.0% 🔹 Gold: 5.5% 🔹 US cash: 3.2% $BTC ranks #1 on JPMorgan’s list, though it isn’t included in the firm’s model portfolios. Bitwise CIO Matt Hougan thinks the volatility estimate is too high and the return too low. #Crypto
