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Nasdaq stock exchangeTheStreet
•Technology
Technology
77% Informative
Standard Chartered's head of Digital Asset Research , Geoffrey Kendrick , has found a strong correlation between Bitcoin and the Nasdaq Composite.
Kendrick crafted a hypothetical " Mag 7B " index that substitutes Bitcoin for Tesla in the famous " Magnificent 7B ". The index often includes top tech names such as Apple , Microsoft , Amazon , Meta , Alphabet , Nvidia , and Tesla .
Kendrick believes Bitcoin can efficiently serve as a backup plan during an uncertain economic environment.
VR Score
68
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62
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45
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English
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62
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7
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5
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