Standard Chartered's Geoffrey Kendrick, has found a strong correlation between Bitcoin and the Nasdaq Composite.

It's Tesla's first death cross since May 2022, the early days of a brutal bear market sell-off.

Take Tesla and Bitcoin, up 35% and 39%, respectively, since the day before Election Day, versus a 5% gain for the S&P 500 index. There’s a tidy narrative to explain each. President-elect Donald ...

Bitcoin (CRYPTO: BTC) may have outgrown its status as just a hedge against traditional finance risks and is increasingly behaving like a Nasdaq-listed tech stock, according to new research from St ...

Tesla is in fourth place in a Top 10 list that mostly has $BTC miners The Elon Musk company is even ahead of US Bitcoin miners Cleanspark and Hut 8 Tesla hasn't ...

When compared to the "Magnificent Seven" tech stocks, bitcoin’s drawdown sits right in the middle, signaling its growing maturity as an asset. Tesla (TSLA) is currently the worst performer ...

Meanwhile, Tesla, which has lost 36% in the same period, is trading more like ether (down 38% since Jan. 20). “Investors can view bitcoin as both a hedge against [traditional finance] and as ...

This new "Mag 7B" would swap out Tesla for bitcoin. The result? The Mag7B produced consistently higher risk-adjusted returns than the original group over the past seven years, reinforcing BTC's ...

But by 2022, it was hovering around $42,000 per bitcoin. Nakamoto’s creation had become “the ninth most valuable asset in the world, just below Tesla and above Meta,” writes Wallace.

Right now, the largest sovereign holder of Bitcoin is the U.S., with 198,109 Bitcoins. The largest corporate holder of Bitcoin is Strategy (the company formerly known as MicroStrategy), with 528,185 ...

According to Kendrick, replacing Tesla with Bitcoin in the "Mag 7B" can yield larger returns and reduced volatility than the original Mag 7, suggesting Bitcoin can balance a portfolio better than ...

To illustrate this, Standard Chartered created a hypothetical index dubbed “Mag 7B,” which inserts Bitcoin into the popular “Magnificent 7” tech-stock basket while removing Tesla.