<ul><li>Standard Chartered analyst Geoff Kendrick suggests treating Bitcoin as a tech stock rather than just a traditional hedge due to its high Nasdaq correlation.</li><li>Kendrick created a hypothetical 'Mag 7B' index, replacing Tesla with Bitcoin, showing about 5% higher returns and less volatility.</li><li>BTC can be viewed as both a hedge against traditional finance and as part of the tech allocation, making it more like a tech stock in the short term.</li><li>Kendrick believes that considering Bitcoin's multiple roles in investor portfolios could encourage greater institutional buying.</li></ul>

Standard Chartered Swaps Tesla for Bitcoin in ‘Mag 7B’ Index for Higher Returns, Lower Volatility

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