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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.
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Qadir AK
Qadir AK
Author
Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
- Mar 25, 2025 05:36 UTC
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Standard Chartered Replaces Tesla with Bitcoin in ‘Mag 7B’
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