Standard Chartered: Bitcoin offers higher returns and lower volatility after replacing TSL.

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Standard Chartered Bank constructed a hypothetical index "Mag 7B" to replace Tesla with Bitcoin and found that it had higher returns and lower volatility. Bitcoin has a high correlation with the Nasdaq and could be part of a portfolio of tech stocks. Mag 7B has outperformed Mag 7 by 5% since December 2017 and has returned an average of 1% per year over the past 7 years. The addition of Bitcoin makes the portfolio less volatile and the information ratio higher. As Bitcoin transactions become more accessible, it is expected to attract more institutional funding. (The Block)

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