JPMorgan models Bitcoin reaching $385,000 in 10-year bull case despite CEO Jamie Dimon’s criticism

JP Morgan Asset Management sees Bitcoin potentially reaching $215,000 within a decade, despite CEO Jamie Dimon's longstanding criticism of the cryptocurrency.The Wall Street firm's 2027 Long-Term Capital Market Assumptions, released Oct. 19, outlined three scenarios for Bitcoin's performance over the next decade, ranging from a collapse toward $25,000 to a rally approaching $386,000.Its base case assumes BTC generates compound annual returns of 10%, implying a price of about $215,300 from the report's $83,000 reference price.The bullish scenario projects annualized returns of 16.6%, taking Bitcoin toward $385,500, while the bearish case assumes yearly losses of 11.2%, reducing its value to roughly $25,300.Bitcoin's Implied Price in 10 YearsThe projections mark J.P. Morgan Asset Management's first long-term Bitcoin scenario analysis in its 31-year annual outlook history, reflecting the cryptocurrency's growing importance to institutional investors.Bitcoin's projected 10% annual return exceeds the firm's 7.5% assumption for US large-cap stocks and 5.5% for gold. However, its estimated annualized volatility of 55% is more than three times the 18% projected for American equities.JPMorg...