JPMorgan Asset Management excluded Bitcoin from the 2027 Long-Term Capital Market Assumptions report's main portfolio covariance matrices and sample allocations due to its volatility and unstable correlations with traditional assets

The first and largest cryptocurrency, spanning its price and adoption, mining, protocol politics, and its contested role as digital money and inflation hedge.

Banks, asset managers, corporations and pension funds moving into digital assets through custody launches, trading desks and treasury allocations.