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Bitcoin Outperforms Tesla in Standard Chartered’s “Magnificent 7” Index

  • Swapping Tesla for Bitcoin in the “Magnificent 7” index results in higher returns and lower volatility.
  • Standard Chartered's analysis shows that Bitcoin's inclusion in the index has outperformed the traditional lineup by about 5% since December 2017.
  • The revised index also exhibited lower volatility on average, suggesting Bitcoin's potential as a hedge against financial risks and its similarity to high-performing tech stocks.
  • Bitcoin's growing correlation with the stock market and its integration into investment indices further solidify its role in institutional portfolios.

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