JPMorgan Asset Management Sets 10% Base Case for Bitcoin in 2027 Outlook

The significance here is less the 10% figure than the framing: JPMorgan Asset Management is now publishing a probability-weighted range for bitcoin rather than dismissing it outright, which pulls the asset into the same long-term capital-market-assumption machinery used for mainstream holdings. The report's own caveats — speculative, not a diversifier, no clear portfolio role — sit awkwardly against that formal inclusion, and that tension is the real signal for allocators weighing whether to model bitcoin at all. Whether other large asset managers follow with their own published ranges is the open question.