Bitcoin Beats Tesla in New ‘Mag 7B’ Index: Shocking Results!

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Standard Chartered has caused a stir by revamping the iconic “Magnificent 7” index, replacing Tesla with Bitcoin. The new “Mag 7B” has not only outshined the original but also proven to be less of a rollercoaster ride. 🚀😲

Bitcoin: The New King of Tech?

Turns out, Bitcoin, with its $1.7 trillion market cap (yes, double Tesla’s), is the cool kid at the risk-reward party. Geoffrey Kendrick, the bank’s digital assets guru, says Bitcoin is more like Nasdaq’s BFF than gold’s, hinting it’s a perfect fit for tech portfolios. 🤖💰

Since December 2017, Mag 7B has left the original index in the dust by 5%, with a smoother ride in five out of seven years. Take that, Tesla! 🚗🔋

Bitcoin: The New Wall Street Darling?

Bitcoin’s market cap is soaring like a eagle, making it a hot pick for institutional investors. Its growing presence in global portfolios as both a tech gem and a financial hedge is turning heads. 🌍💼

With spot Bitcoin ETFs hitting the market in early 2024, trading BTC is now as easy as pie. Kendrick sees Bitcoin as a double threat—hedging against the old guard and shining in tech portfolios. 💹🛡️

Market trends are looking up for Bitcoin. With the Nasdaq on the ropes, investors might pour money into Bitcoin. And with a key U.S. tariff decision looming, some experts predict Bitcoin could soar to $90,000. Watch out, Wall Street! 📈🚀

Bitcoin’s latest victory has pushed it up over 3.5% on Monday, boosting the total crypto market cap to $2.9 trillion. Other major cryptos are also riding the wave, with Ethereum, XRP, Solana, and Dogecoin all posting gains. 🌊🚀

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2025-03-25 08:39