⚡️ NEW - Bitcoin could replace Tesla in a hypothetical “Mag 7B” index in order to boost returns and reduce volatility, according to Standard Chartered’s Head of Digital Asset Research, Geoffrey Kendrick.

In a note shared with Benzinga, Kendrick explained that Bitcoin’s short-term trading patterns are now highly correlated with the Nasdaq Composite, suggesting it behaves more like a tech stock than just a hedge against traditional financial risks.