Standard Chartered: Replace Tesla with Bitcoin in 'Mag 7' for a better portfolio
Standard Chartered compares two portfolios:
- Original Mag 7: Includes Apple, Microsoft, Nvidia, Amazon, Alphabet, Meta, Tesla.
- Mag 7B: Retains the 6 stocks above, removes Tesla and adds Bitcoin.
Result: The Mag 7B portfolio yields higher returns and lower risk (volatility) compared to the old Mag 7.
BTC is often more correlated with Nasdaq than gold, so it can be viewed as 'technology stock.' At the same time, Bitcoin also serves as a 'risk hedge' for traditional finance, helping to attract additional institutional capital.
