JP Morgan is giving Bitcoin a 10% CAGR for the next decade as their base case.
This would mean ~$214,000 per Bitcoin in 2036.
Too bearish. But interestingly, the bigger story is that JP Morgan is coming out publicly in saying Bitcoin outperforms stocks, bonds, and gold.
Bitcoin's biggest narrative shift is unfolding before our eyes.
JUST IN: The largest bank in the U.S. JPMorgan is forecasting Bitcoin to outperform every major asset over the next decade.
You are not bullish enough 🚀
The next six weeks are Bitcoin's best six weeks of the year.
October: green 10 of 13 years, median +13%. Only 3 red Octobers ever — back-to-back red has never happened. Sitting at -1.5% with two weeks left.
November: green 8 of 12, median +11%. The best month on record. They call it Moonvember.
Two of the three best months, back to back. The calendar is the bull case.
1 Bitcoin.
Its fixed 21M supply creates absolute scarcity gold cannot match, as mining adds more gold every year. Institutional and sovereign adoption as digital gold continues. Long-term models project multi-million prices by 2036. Gold may roughly double or triple at best from ~$4150/oz. Network effects and monetary superiority favor BTC.
Chat GPT thinks MSTR could potentially buy another 20B in BTC next year, alone moving the price to about 135K.
This is probably at most 30% of overall Bull Market buying: giving us fuel to 250K.
BTC will go to $150k without retail noticing. Then some people will see that something is going on and start buying. Then we’ll go to $200k and retail gets FOMO that will push us to $500k. And then BTCs market cap is $10T which will send it even higher since it’s now «mature».
We have seen nothing yet.
Bitcoin end of year Power Law projections:
2026: $167,000
2027: $227,000
2028: $304,000
2029: $401,000
2030: $522,000
2033: $1,008,000
A lot of catching up to do.
Bitcoin at $83,500 is an incredible opportunity for those with conviction.
Just a scenario for the second half of this halving cycle, Apr 2024 - Apr 2028 (no not a prediction, just a scenario, food for thought, you assign the odds):
🔳 $100K in October
🔳 New ATH (>$126K) before Christmas
🔳 2027 - 2028: >$232K (4x $58K bottom)
What do you think?