According to ChainCatcher, citing The Block, Standard Chartered has launched a hypothetical "Mag 7B" index, replacing Tesla with BTC in the "Magnificent 7" tech stock combination, and found that this new combination yields higher returns with lower volatility.

Geoffrey Kendrick, Global Head of Digital Assets Research at Standard Chartered, noted in his report that Bitcoin's correlation with Nasdaq is "almost always" higher than with gold, providing a basis for considering BTC as part of tech stocks. He stated: "If Bitcoin is included in the tech stock portfolio, it will attract more institutional investors, as Bitcoin can play multiple roles in an investment portfolio."