Bitcoin Has Been Trading Like a Tech Stock: Standard Chartered
Portfolio Pulse from
Standard Chartered analyst Geoff Kendrick suggests Bitcoin should be viewed more as a tech stock due to its high correlation with the Nasdaq. By creating a hypothetical 'Mag 7B' index replacing Tesla with Bitcoin, Kendrick found that Bitcoin would have outperformed the Magnificent 7 index by about 5% since 2017, with lower volatility.
March 24, 2025 | 1:30 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Bitcoin's trading pattern increasingly resembles tech stocks, with potential implications for investment strategies and market perception.
Standard Chartered's analysis suggests Bitcoin is behaving more like a tech stock, with potential for lower volatility and competitive returns. This could attract more institutional and tech-oriented investors.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100