Standard Chartered's Geoffrey Kendrick, has found a strong correlation between Bitcoin and the Nasdaq Composite.
Tesla has long been a cornerstone of the 'Mag 7'—a group of elite tech stocks that have defined market growth over the past ...
Right now, the largest sovereign holder of Bitcoin is the U.S., with 198,109 Bitcoins. The largest corporate holder of ...
Bitcoin could be viewed as serving multiple purposes in a tech portfolio, paving the way for more institutional buying, the ...
Standard Chartered tested a Magnificent 7 index with Bitcoin and found it outperformed. Learn if Meme Index is a Mag 7 for ...
This is the currency of the future. It’s just too bad that there might not be a habitable future to spend it in.
To illustrate this, Standard Chartered created a hypothetical index dubbed “Mag 7B,” which inserts Bitcoin into the popular “Magnificent 7” tech-stock basket while removing Tesla.
Bitcoin is frequently viewed as “digital gold” and a hedge against risks facing the traditional financial sector.