JPMorgan models Bitcoin reaching $385,000 in 10-year bull case despite CEO Jamie Dimon’s criticism
BTC when published $82,501Now $80,577 ▼ −2.33% since it was published
JP Morgan Asset Management sees Bitcoin potentially reaching $215,000 within a decade, despite CEO Jamie Dimon's longstanding criticism of the cryptocurrency. The Wall Street firm's 2027 Long-Term Capital Market Assumptions, released Oct. 19, outlined three scenarios for Bitcoin's performance over the next decade, ranging from a collapse toward $25,000 to a rally approaching $386,000. Its base case assumes BTC generates compound annual returns of 10%, implying a price of about $215,300 from the report's $83,000 reference price. The bullish scenario projects annualized returns of 16.6%, taking Bitcoin toward $385,500, while the bearish case assumes yearly losses of 11.2%, reducing its value to roughly $25,300. The projections mark J.P. Morgan Asset Management's first long-term Bitcoin scenario analysis in its 31-year annual outlook history, reflecting the cryptocurrency's growing importance to institutional investors.
First reported by CryptoSlate. This page is a short excerpt; the full text is theirs.
