JPMorgan Chase Says That Bitcoin Will Outperform Stocks, Bonds, and Gold Over the Next 10 Years. Here's Why It Might Be Right

JPMorgan Chase's asset management division projects Bitcoin will deliver 10% annual returns over the next decade, outperforming U.S. large-cap stocks (7.5%), bonds (5.6%), and gold (5.5%). The bank attributes this to Bitcoin's slowing supply growth relative to global money expansion and its role as a store-of-value asset. However, JPMorgan still considers Bitcoin speculative with 55% volatility and does not formally recommend buying it.