Standard Chartered Tesla replaces Bitcoin in 'Magnificent 7': A crucial change towards digital stability
<p> <strong> Standard Chartered Tesla replaces Bitcoin in 'Magnificent 7': A crucial change towards digital stability </strong> </p>
Bitcoin replaces Tesla in Magnificent 7 Index: A new era for digital systems
The unofficial Magnificent 7 Index, for short "Mag 7", traditionally includes seven leading companies in the technology industry: Alphabet (Google), Amazon, Apple, Meta (Facebook), Microsoft, Nvidia and Tesla. According to the latest uhungen, British Bank Standard Chartered has modified the index by replacing Tesla by Bitcoin due to its chronic under -performance. This decision aims to stabilize and adapt the performance of the index.
superior performance and stability of Bitcoin
Standard Chartered found in its investigations that Bitcoin has a better risk yield ratio than Tesla and thus a valuable addition to technology portfolios. Geoffrey Kendrick from Standard Chartered Bank explains that Bitcoin correlates more with the NASDAQ than traditional safe systems such as gold. Investors who want to combine growth with stability are increasingly oriented towards Bitcoin, whose market capitalization now exceeds $ 1.7 trillion. For comparison: the market value of Tesla is below.
The amex "Mag 7b" index has had a performance of 5% above that of its predecessor since its introduction in December 2017. In the past seven years, 7B has achieved above -average annual returns with a volatility of less than 2%. In contrast, the performance of Tesla remains unpredictable. Fluctuations in the yield and changing market opinions strain the results of the company, while the Magellan fund has a stable operational service. These trends show that Bitcoin has a resistance that goes beyond the ordinary stocks, which has become an important asset class for institutional investors.
Institutional acceptance and their effects on the market
Institutional investors are increasingly absorbing Bitcoin in their portfolios, which improves the market liquidity of the digital wealth value. Thanks to Bitcoin-Spot ETFs, investors now have an uncomplicated access to Bitcoin as with large technology values. Reservations about crypto-assets are covered by many institutional investors, and Bitcoin is increasingly assessed as an investment strategy that offers both market value growth and risk protection.
The growing interest of global financial institutions in Bitcoin means that the digital currency is gaining in importance in financial systems. The performance problems of the NASDAQ have encouraged many investors to explore alternative forms of investment, with Bitcoin presenting itself as a promising digital currency. Forecasts by financial experts indicate that Bitcoin may reach the $ 90,000 mark due to its increasing influence on institutional money management.
The explanation of Standard Chartered on the acceptance of cryptocurrencies led to an increase in Bitcoin by 3.5%, which increased the total market value of the cryptocurrencies to $ 2.9 trillion. Other digital assets such as Ethereum (+4%), XRP (+3.2%) and Solana (+6.5%) also recorded profits, while Dogecoin increased by 3%. These strong market signals underline that Bitcoin is increasingly enjoying trust in the financial world.
FAZIT
The strategic realignment of the Magnificent 7 Index through Standard Chartered shows that Bitcoin, as a significant digital asset continues to receive relevance and acceptance in the institutional investment strategies. In the future, these developments are likely to increase the influence of Bitcoin on the traditional financial market and promote the integration of digital assets into mainstream portfolios.