JPMorgan Gives Bitcoin Top Return Forecast, Grayscale Highlights

JPMorgan Asset Management's long-term capital market assumptions project a 10% compound annual return for bitcoin, the highest among asset classes covered, according to Grayscale research highlighted on Nov. 4. Grayscale Head of Research Zach Pandl tied the forecast to growing institutional recognition and potential diversification benefits, while flagging substantial price risk. The projection puts bitcoin ahead of JPMorgan's estimates for traditional assets, reinforcing the case for modest allocations in institutional portfolios. Watch for how other major asset managers adjust their long-term return assumptions and whether allocators act on the 10% figure.