JPMorgan: Bitcoin to Beat Stocks, Bonds and Gold in 10 Years
Original title: JPMorgan Says Bitcoin Will Beat Stocks, Bonds and Gold
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Summary
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Key points
- JPMorgan expects bitcoin to outperform U.S. stocks, bonds and gold over the next 10 years.
- JPMorgan's base case is a 10% annualized return for BTC.
- It is the first time the bank has put a range on bitcoin returns, per CoinDesk.
- The forecast is described as a notable shift for a firm whose CEO once called bitcoin a "fraud."
- Jennifer Sanasie hosts the CoinDesk Daily episode on CoinDesk's channel.
Questions
What return does JPMorgan forecast for bitcoin?
Has JPMorgan given a bitcoin return range before?
What did JPMorgan's CEO once call bitcoin?
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