Standard Chartered ‘Mag 7B’ Swaps Tesla for Bitcoin

March 26, 2025

Catenaa, Wednesday, March 26, 2025-Standard Chartered Bank found that replacing Tesla with bitcoin in a reworked “Magnificent 7” index improved returns and reduced volatility.  The bank’s “Mag 7B” index, which includes bitcoin instead of Tesla, outperformed the original “Magnificent 7” by about 5% since 2017, according to Geoffrey Kendrick, global head of digital assets research. […]