<ul><li>Standard Chartered has introduced a new hypothetical stock known as "Mag 7B" which replaces Tesla with Bitcoin for better performance.</li><li>The removal of Tesla and addition of Bitcoin is believed to align risk and return more closely with technology stocks.</li><li>The decision to replace Tesla with Bitcoin is based on the strong bond between Nasdaq-listed technology stocks and Bitcoin, as well as the lower volatility and higher performance of Bitcoin compared to Tesla.</li><li>While the removal of Tesla from the hypothetical index may not directly impact Tesla's stock price, it could signal a potential change in investor sentiment and result in short-term declines.</li></ul>

Standard Chartered Introduces Hypothetical “Mag 7B” Index, Replacing Tesla with Bitcoin for Better Performance

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