In recent years, Bitcoin has often been considered 'digital gold', a safe-haven asset amid traditional market volatility. However, according to a recent analysis from Standard Chartered, Bitcoin may not act as a hedge against volatility and instead is trading more like a technology stock.
Could Bitcoin Be the New Member of the 'Magnificent 7'?
Geoff Kendrick, an analyst at
#StandardChartered , tested an interesting hypothesis: If Bitcoin were added to the 'Magnificent 7' group instead of Tesla, how might this portfolio perform?