What to know:
- Standard Chartered has a new theory: bitcoin is the tech stock that eats like a cryptocurrency. Who knew?
- They suggest a ‘Magnificent 7’ revamp – out with Tesla, in with BTC. Suddenly, the portfolio is less ‘electric car’ and more ‘electric cash’.
- BlackRock says, “Hey, let’s put 2% of our cash in this digital shiny thing.” Diversification, they call it. 🤷♂️
Bitcoin, the shiny digital coin, is now a tech stock? According to Standard Chartered, yes, and gold is like, “What about me?”
Geoff Kendrick and his team at StanChart are all, “Bitcoin and Nasdaq, BFFs forever.” Meanwhile, gold is sitting there like the forgotten safe haven.
Kendrick’s like, “BTC is a tech stock with benefits.” So, it’s like a tech stock with a superpower? cape included?
They played a little game: replaced Tesla in the ‘Magnificent 7’ with BTC. Suddenly, the returns are like, “Whoa, we’re rich!” and the volatility is like, “Chill, bro.”
Result? The ‘Mag 7B’ is the cool kid on the block, outperforming the original crew. Institutional investors are like, “Where do we sign?”
“BTC is like the Swiss Army knife of investments,” says Kendrick. Institutional buyers are like, “Gimme, gimme!”
Asset managers are all about that BTC diversification life. BlackRock’s like, “Let’s do this 2% thing.” Meanwhile, ETFs are like, “Gold and BTC, the dynamic duo.”
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2025-03-24 20:05