JPMorgan Asset Management forecasts 10% annual bitcoin return

A 10% annual return assumption paired with 55% volatility is the real story here: it frames bitcoin as a high-risk, moderate-reward allocation rather than a diversifier, which is precisely the framing that keeps it out of mainstream portfolio construction. That a major asset manager is publishing a formal long-term forecast at all signals bitcoin is being absorbed into conventional capital-market assumptions, even if the volatility call remains the binding constraint. Whether that volatility estimate softens over time is the open question for broader adoption.