Planet Daily News: Geoff Kendrick, the digital asset research head at Standard Chartered Bank, stated that the trend of BTC as an inflation hedge is strengthening. He pointed out that BTC is highly correlated with the Nasdaq index in the short term, and it is better to view it as a "tech stock alternative" rather than a hedge against traditional financial issues. Kendrick also suggested that if BTC replaces Tesla in the "Magnificent Seven" to form the "Mag 7B" index, its returns would be higher and volatility lower. (BeInCrypto)