---
title: "JPMorgan projects Bitcoin to outperform US stocks and gold over next decade"
description: "2026-10-20にCointelegraph, CoinDesk +3が報道。検知後1時間でBTC -0.07%。 Cointelegraph: “JPMorgan included Bitcoin in its long-term capital market outlook for the first time but warned that volatility and unstable correlations limit its role in investment portfolios.” 検知後1時間でBTCは-0.07%変動。価格観測は因果関係を証明しません。"
language: ja
canonical: "https://whycoinmoves.com/ja/events/bitcoin-jpmorgan-projects-bitcoin-outperform-us-c932dce1ad6a8d"
published: 2026-10-20T08:59:05.000Z
updated: 2026-10-21T13:59:00.000Z
indexable: false
---

# JPMorgan projects Bitcoin to outperform US stocks and gold over next decade

2026-10-20にCointelegraph, CoinDesk +3が報道。検知後1時間でBTC -0.07%。 Cointelegraph: “JPMorgan included Bitcoin in its long-term capital market outlook for the first time but warned that volatility and unstable correlations limit its role in investment portfolios.” 検知後1時間でBTCは-0.07%変動。価格観測は因果関係を証明しません。

Attributed sources: [Cointelegraph](<https://cointelegraph.com/markets/jpmorgan-bitcoin-outperform-stocks-gold-annual-returns>), [CoinDesk](<https://www.coindesk.com/markets/2026/10/20/jpmorgan-sees-10-annual-bitcoin-returns-topping-stocks-bonds-and-gold-over-next-decade>), [Bitcoin Magazine](<https://bitcoinmagazine.com/news/jpmorgan-says-bitcoin-could-outperform>), [The Block](<https://www.theblock.co/news/markets/2026-10-20-jpmorgan-bitcoin-10-year-return-forecast-ltcma-421436>), [Decrypt](<https://decrypt.co/381464/jpmorgan-bitcoin-forecast-first-time-stocks-gold>)

## Key facts

Cointelegraph: “JPMorgan included Bitcoin in its long-term capital market outlook for the first time but warned that volatility and unstable correlations limit its role in investment portfolios.” 検知後1時間でBTCは-0.07%変動。価格観測は因果関係を証明しません。
Evidence strength: 複数メディア報道, 5 publisher group(s) (Cointelegraph, CoinDesk, Bitcoin Magazine, The Block, Decrypt); this describes source coverage, not truth or causation.
検知後の観測リターン：5分: -0.09% (20/10/2026, 08:59 → 20/10/2026, 09:04, UTC; OKX · USDT)；1時間: -0.07% (20/10/2026, 08:59 → 20/10/2026, 09:59, UTC; OKX · USDT)。記載のない時間枠は未取得です。
直近30日間の時間足絶対リターンの99パーセンタイルは1.23%（OKX · USDT；基準 20/10/2026, 08:59, UTC）です。時間足基準は分単位の変動と直接比較できません。

## Returns after site detection

| Window | Return | BTC | Difference from BTC | Actual sampled interval (UTC) | Source |
| --- | --- | --- | --- | --- | --- |
| 5分 | -0.09% | -0.09% | 0.00 pt | 20/10/2026, 08:59 → 20/10/2026, 09:04 | OKX · USDT |
| 1時間 | -0.07% | -0.07% | 0.00 pt | 20/10/2026, 08:59 → 20/10/2026, 09:59 | OKX · USDT |
| 24時間 | — | — | — | — | — |

## Historical hourly baseline

| Metric | Value |
| --- | --- |
| Ready | true |
| Coverage | 100.0% (720/720) |
| Median absolute hourly return | 0.15% |
| 99th percentile of absolute hourly returns | 1.23% |
| BTC beta | 1.00 |
| Source / cutoff (UTC) | OKX · USDT / 20/10/2026, 08:59 |

## Claims and open questions

- No independently verified causal explanation is available.

## Source evidence

- [JPMorgan projects Bitcoin to outperform US stocks and gold over next decade](<https://cointelegraph.com/markets/jpmorgan-bitcoin-outperform-stocks-gold-annual-returns>) — Cointelegraph; published 20/10/2026, 08:54; received 20/10/2026, 08:59 (UTC).
- [JPMorgan sees 10% annual bitcoin returns, topping stocks, bonds and gold over next decade](<https://www.coindesk.com/markets/2026/10/20/jpmorgan-sees-10-annual-bitcoin-returns-topping-stocks-bonds-and-gold-over-next-decade>) — CoinDesk; published 20/10/2026, 11:10; received 20/10/2026, 11:12 (UTC).
- [Bitcoin Could Outperform Most Assets, JPMorgan Says — But the Bank Still Won’t Recommend It](<https://bitcoinmagazine.com/news/jpmorgan-says-bitcoin-could-outperform>) — Bitcoin Magazine; published 20/10/2026, 17:27; received 20/10/2026, 17:31 (UTC).
- [JPMorgan issues first long-term bitcoin return forecast, projecting 10% annually](<https://www.theblock.co/news/markets/2026-10-20-jpmorgan-bitcoin-10-year-return-forecast-ltcma-421436>) — The Block; published 20/10/2026, 18:14; received 20/10/2026, 18:15 (UTC).
- [JPMorgan Puts a Number on Bitcoin for the First Time: 10% a Year, With a Big Caveat](<https://decrypt.co/381464/jpmorgan-bitcoin-forecast-first-time-stocks-gold>) — Decrypt; published 20/10/2026, 21:16; received 20/10/2026, 21:17 (UTC).
- [Morning Minute: Bitcoin Tops JPMorgan’s Ten-Year Forecast for All Assets](<https://decrypt.co/381510/morning-minute-bitcoin-tops-jpmorgans-ten-year-forecast-for-all-assets>) — Decrypt; published 21/10/2026, 12:16; received 21/10/2026, 12:19 (UTC).
- [J.P. Morgan Reveals First-Ever Bitcoin Price Forecast in Long-Term Capital Market Report](<https://bitcoinmagazine.com/videos/j-p-morgan-reveals-first-ever-bitcoin-price-forecast-in-long-term-capital-market-report>) — Bitcoin Magazine; published 21/10/2026, 13:56; received 21/10/2026, 13:57 (UTC).


## Recent BTC events and market reactions

公開基準を満たした他のBTCイベントはまだありません。

- [Full coin archive](<https://whycoinmoves.com/ja/coins/bitcoin>)

## 他銘柄の直近の価格急変動イベント

- [PEARL: PEARLはなぜ1分で2.38%下落したのか？根拠・市場データ検証 · 2026-10-23](<https://whycoinmoves.com/ja/events/pearl-2-move-1792762740>)
- [ZEC: ZECはなぜ1分で0.74%下落したのか？根拠・市場データ検証 · 2026-10-23](<https://whycoinmoves.com/ja/events/zcash-move-1792720080>)
- [SHIB: SHIBはなぜ1分で0.74%上昇したのか？根拠・市場データ検証 · 2026-10-23](<https://whycoinmoves.com/ja/events/shiba-inu-move-1792719780>)
- [価格急変動](<https://whycoinmoves.com/ja/topics/market>)

## Research for this archive

- [Altcoin beta to Bitcoin: BTC, ETH, SOL and DOGE hourly returns](<https://whycoinmoves.com/ja/research/hourly-returns-and-bitcoin-beta.md>)
- [Perpetual funding rates and annualized yield: a 2025 comparison](<https://whycoinmoves.com/ja/research/funding-rates-versus-investor-returns.md>)
- [Bitcoin halving and bull markets: evidence from four halvings](<https://whycoinmoves.com/ja/research/bitcoin-halving-and-market-cycles.md>)
- [Bitcoin DCA vs lump sum: every start month since 2014](<https://whycoinmoves.com/ja/research/bitcoin-dca-versus-lump-sum.md>)

[Methods and limitations](<https://whycoinmoves.com/ja/methodology>)
Publisher count is not independent evidence count. Price changes cannot verify news or prove causation.