Standard Chartered analyst: Investors should view BTC as a tech stock, not a hedge

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MarsBit
03-24
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Mars Finance News, on March 24, according to Decrypt, Standard Chartered analyst Geoff Kendrick stated that given the high correlation between Bitcoin's price and the Nasdaq index, investors should view it as a tech stock rather than a hedge against traditional market volatility. Kendrick created a hypothetical "Mag 7B" index, replacing Tesla with Bitcoin. If investors had started operating this way since 2017, they would now have gained an additional 5% return.

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