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JPMorgan names bitcoin top long-term return asset, urges caution on adding it to diversified portfolios

JPMorgan has identified bitcoin as the asset likely to post the highest returns among major asset classes over the next 10 to 15 years. In its “2027 Long-Term Capital Markets Assumptions” report, the bank put bitcoin’s expected annualised compound return at 10.0 percent, above projections for U.S. REITs, small- and large-cap stocks, emerging-market equities and gold. It also compared investor sentiment and spot ETF flows between bitcoin and gold.