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. <\/span><\/p>\n
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.<\/span><\/p>\n
“If it were included, the implication would be more institutional buying as BTC would serve multiple purposes in investor portfolios,” Kendrick said.<\/span><\/p>\n
Standard Chartered called its new version of a Magnificent 7 index “Mag 7B.”<\/p>\n
The Magnificent 7 tech stocks are Alphabet (Google), Amazon, Apple, Meta (Facebook), Microsoft, NVIDIA, and Tesla. <\/span><\/span><\/p>\n
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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.”<\/span><\/p>\n
As Bitcoin becomes a staple in investment strategies, its evolving role may open doors for even more capital inflows.<\/p>\n
Could a similar shift be underway in the meme coin market?<\/p>\n
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.<\/p>\n
Meme Index mimics the structure of Magnificent 7-type indexes—but with meme coins.<\/p>\n
It provides exposure to four distinct baskets of meme coins, each with varying risk profiles, offering both relatively safer and high-risk options.<\/p>\n
With its innovative approach, experts are already predicting massive potential for MEMEX, making it one of the most anticipated projects in the space.<\/p>\n
As the project’s presale nears its end, investors are flocking to MEMEX, with over $4.2 million already raised.<\/p>\n
Could it be the next big crypto in the meme coin space?<\/p>\n