Standard Chartered Analyst: Investors should view BTC as a tech stock rather than a hedge asset

BlockBeats News, March 24th, according to Decrypt's report, Standard Chartered Bank analyst Geoff Kendrick stated that, given the high correlation between Bitcoin's price and the Nasdaq index, investors should consider it as a tech stock rather than a safe-haven asset for traditional market fluctuations. Kendrick has created a hypothetical "Mag 7B" index, replacing Tesla with Bitcoin. If investors had followed this strategy since 2017, they would now have an additional 5% return.