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Standard Chartered tested a so-called Magnificent 7 tech stocks index by replacing Tesla with Bitcoin, and found that the revamped version delivered higher returns and lower volatility.
Bitcoin’s inclusion in an index of leading tech stocks would make sense because the crypto is well correlated to Nasdaq, said global head of digital assets research, Geoffrey Kendrick.
“If it were included, the implication would be more institutional buying as BTC would serve multiple purposes in investor portfolios,” Kendrick said.
Standard Chartered called its new version of a Magnificent 7 index “Mag 7B.”
The Magnificent 7 tech stocks are Alphabet (Google), Amazon, Apple, Meta (Facebook), Microsoft, NVIDIA, and Tesla.
As Bitcoin’s role in investment portfolios becomes more established, Standard Chartered believes that BTC’s multiple uses “will bring fresh capital inflows to the asset,” adding this is “particularly true as Bitcoin investment becomes more institutionalized.”
Will Meme Index Become The Meme Coin Market’s Magnificent 7 Index?
As Bitcoin becomes a staple in investment strategies, its evolving role may open doors for even more capital inflows.
Could a similar shift be underway in the meme coin market?
Meme Index (MEMEX), a new project that provides diversified meme coin investing via indexes for the first time, suggests such a shift has already begun.
Meme Index mimics the structure of Magnificent 7-type indexes—but with meme coins.
It provides exposure to four distinct baskets of meme coins, each with varying risk profiles, offering both relatively safer and high-risk options.
With its innovative approach, experts are already predicting massive potential for MEMEX, making it one of the most anticipated projects in the space.
As the project’s presale nears its end, investors are flocking to MEMEX, with over $4.2 million already raised.
Could it be the next big crypto in the meme coin space?
Meme Index (MEMEX)
Meme Index (MEMEX) is a new meme coin project that aims to give investors a simpler and safer way to buy into meme coins while simultaneously unlocking diversified meme coin exposure through the first meme coin index offering.
Central to the project are 4 investment baskets or indexes: Meme Titan Index, Meme Moonshot Index, Meme Midcap Index, and Meme Frenzy Index.
Each of the baskets focus on multiple meme coins that are grouped according to their perceived level of investment risk.
The relatively safer option, the Meme Titan Index, focuses on more established meme coins with large market caps like Dogecoin and Shiba Inu.
Meanwhile, the highest-risk Meme Frenzy Index features highly volatile, emerging tokens with huge upside potential for investors willing to take on extreme levels of risk.
By simply purchasing the project’s MEMEX tokens, investors gain exposure to multiple meme coins. What’s more, MEMEX holders also get to vote on which tokens are added to each basket.
Given its innovative use case, it’s no wonder experts are bullish on MEMEX. Among them is 99Bitcoins, a crypto channel on YouTube that boasts over 725K subscribers, which said that MEMEX has the potential to be the next 100X crypto.
With just over 6 days left until Meme Index’s presale ends, time is running out for investors to get in on the ground level of a project that could create the meme coin market’s own Magnificent 7 index.
BTC Bull Token Also Poised To Soar If Bitcoin Joins A Magnificent 7 Index
With Standard Chartered experimenting with Bitcoin in the Magnificent 7 index, another meme coin called BTC Bull Token (BTCBULL) could also be poised to benefit.
Positioned as a BTC-themed meme coin, the project will support the largest crypto by market cap on its journey to $1 million per coin and beyond.
With BTC’s potential inclusion in Magnificent 7 indexes, this could be sooner than many investors expect.
As Bitcoin gains more institutional recognition, its price will surge to new all-time highs. Along the way, BTC Bull Token will reward its holders with Bitcoin airdrops and BTCBULL token burns once the crypto leader hits certain price milestones for the first time.
These start at $125k for token burns and $150k for Bitcoin airdrops.
So far, the project has raised over $4 million in early-stage funding. Interested investors who want to get in now can do so by buying BTCBULL while it’s still in presale.
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