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PodcastBanklessOctober 23, 2026

ROLLUP: Black October | Uptober Lasted 4 Hours | JPMorgan's Bitcoin Forecast | Gold Alchemy

JPMorgan's own long-term forecast now ranks Bitcoin as the top-returning asset class even as cyber and geopolitical shocks rattle markets.

  • Macro jitters cap rally: Bitcoin briefly hit $84,800 before falling back on Iran strike reports, Brent crude near $115/barrel, and AI capex-slowdown fears after Meta earnings.
  • JPMorgan's 10-year outlook: JPMorgan's long-term capital market assumptions paper ranks Bitcoin #1 at 10% annualized returns over 10-15 years, ahead of REITs (8.2%), stocks (7.5%), bonds (5.6%), gold (5.5%), cash (3.2%) — notable given CEO Jamie Dimon once called Bitcoin 'a fraud' and a 'Pet Rock.'

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Themes, sentiment and reasons are AI-written paraphrases, checked so they never quote an episode. They may contain errors. Not investment advice. Episodes remain the property of their creators.