JPMorgan Gives Bitcoin Top Return Forecast, Grayscale Highlights

Grayscale highlighted that JPMorgan Asset Management's long-term assumptions project a 10% compound annual return for bitcoin, higher than its estimates for other asset classes. Grayscale's research head Zach Pandl tied the forecast to growing institutional recognition, potential diversification benefits and substantial price risk. A major bank's published return assumption gives institutional allocators a citable benchmark, which traders may read as a step toward broader adoption.