J.P. Morgan Asset Management includes Bitcoin in long-term assumptions for the first time: projects 10% annualized return over ten years, but 55% volatility raises concerns

J.P. Morgan Asset Management has included Bitcoin in its long-term assumptions for the first time, projecting a 10% annualized return over a 10-year period, according to a report originally published by Moomoo.

The inclusion places Bitcoin alongside other assets considered in long-term return expectations by the asset-management business. Bitcoin is the largest cryptocurrency by market value and is increasingly discussed by institutional investors as a potential portfolio asset, though its role remains debated.

J.P. Morgan Asset Management’s assumptions also attach 55% volatility to Bitcoin. That figure underscores the substantial price swings associated with the cryptocurrency and may raise concerns for investors weighing its risk profile against its projected returns.

Long-term capital-market assumptions are generally used to inform portfolio planning and asset-allocation discussions rather than to predict short-term market performance. The gap between Bitcoin’s projected return and its elevated volatility highlights the trade-off that remains central to institutional assessments of digital assets.