Standard Chartered Replaces Tesla with Bitcoin in ‘Mag 7B’
The post Standard Chartered Replaces Tesla with Bitcoin in ‘Mag 7B’ appeared first on Coinpedia Fintech News
Standard Chartered has introduced a new version of the “Magnificent 7” index, replacing Tesla with Bitcoin. This updated index, called “Mag 7B,” has outperformed the original, offering higher returns with lower volatility. By swapping out one of the tech giants for the world’s leading cryptocurrency, Standard Chartered aims to offer investors a more stable and profitable investment mix. The performance of “Mag 7B” has sparked interest in the evolving role of Bitcoin in investment strategies.
