JPMorgan’s bitcoin returns forecast sees 10% annual gains despite 55% volatility

JPMorgan’s bitcoin returns forecast puts the cryptocurrency ahead of US stocks, bonds and gold over the next decade, with a 10% annualized base-case return. But the bank’s first research range for bitcoin does not translate into support for it as a portfolio diversifier: JPMorgan still sees volatility and shifting asset correlations as barriers to wider […]