{"id":22384,"date":"2025-03-25T13:12:43","date_gmt":"2025-03-25T11:12:43","guid":{"rendered":"https:\/\/forklog.com\/en\/standard-chartered-finds-bitcoin-outperforms-tesla\/"},"modified":"2025-03-25T13:12:43","modified_gmt":"2025-03-25T11:12:43","slug":"standard-chartered-finds-bitcoin-outperforms-tesla","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/standard-chartered-finds-bitcoin-outperforms-tesla\/","title":{"rendered":"Standard Chartered Finds Bitcoin Outperforms Tesla"},"content":{"rendered":"

A hypothetical version of the Mag 7 index created by Standard Chartered, replacing Tesla with Bitcoin, demonstrated superior returns compared to the original. This was reported by The Block<\/a>, citing the bank’s report.<\/p>\n

The Mag 7 includes the so-called tech ‘Magnificent Seven’ \u2014 Apple, Microsoft, Nvidia, Amazon, Alphabet, Meta, and Tesla.<\/p>\n

Jeffrey Kendrick, head of digital asset research at Standard Chartered, excluded Elon Musk’s company from the metric as a smaller capitalisation participant (~$800 million) and replaced it with the leading cryptocurrency (~$1.7 trillion). The expert aimed to assess whether Bitcoin could be considered analogous to tech stocks and a hedge against risks in traditional financial markets.<\/p>\n

As a result, over the period from December 2017, the modified Mag 7B outperformed the Mag 7 by approximately 5% in returns. Moreover, the volatility of the index with Bitcoin was on average nearly 2% lower than the original.<\/p>\n

\"sc-mag7b-1\"
Comparison of annual returns of the two indices. Data: Standard Chartered.<\/figcaption><\/figure>\n
\n

“This tells us that Mag 7 portfolios would have benefited over the past seven years from adding BTC and excluding TSLA,” noted Kendrick.<\/p>\n<\/blockquote>\n

According to him, including Bitcoin in the index this year would have been even more advantageous. Since the launch<\/a> of spot ETFs in early 2024, trading the leading cryptocurrency has become as seamless and cost-effective as other stocks in the Mag 7.<\/p>\n

Following the inauguration<\/a> of U.S. President Donald Trump in January 2025, Bitcoin’s volatility-adjusted behaviour became more akin to Nvidia’s stock movements. Tesla, on the other hand, trades more along the lines of Ethereum, Kendrick emphasized.<\/p>\n

\n

“We believe BTC should be considered as a tool serving multiple functions in investors’ portfolios; this will open the door for even more institutional purchases,” concluded Kendrick.<\/p>\n<\/blockquote>\n

Regarding Bitcoin’s near-term prospects, the expert noted its growing correlation with the stock market, which is emerging from its worst quarter since mid-2022. Kendrick believes the cryptocurrency is now focused on the $90,000 mark.<\/p>\n

After prices held above $87,000<\/a>, experts anticipate Bitcoin will face significant resistance at the $90,000 level.<\/p>\n","protected":false},"excerpt":{"rendered":"

A hypothetical version of the Mag 7 index created by Standard Chartered, replacing Tesla with Bitcoin, demonstrated superior returns compared to the original. This was reported by The Block, citing the bank’s report. The Mag 7 includes the so-called tech ‘Magnificent Seven’ \u2014 Apple, Microsoft, Nvidia, Amazon, Alphabet, Meta, and Tesla. Jeffrey Kendrick, head of […]<\/p>\n","protected":false},"author":1,"featured_media":22383,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1347,1211,1221,1319],"class_list":["post-22384","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-standard-chartered-plc","tag-stock-market","tag-stocks","tag-tesla"],"aioseo_notices":[],"amp_enabled":true,"views":"127","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/22384","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=22384"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/22384\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/22383"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=22384"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=22384"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=22384"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}