Standard Chartered Analyst: Investors should view BTC as a tech stock, not as a hedge against traditional market volatility

TechFlow news, on March 24, according to Decrypt, Standard Chartered analyst Geoff Kendrick said that given Bitcoin's high correlation with the Nasdaq index, investors should view it as a tech stock rather than a hedge against traditional market volatility.

Kendrick created a hypothetical "Mag 7B" index, replacing Tesla with Bitcoin. If investors had adopted this strategy since 2017, they would now have gained an additional 5% in returns.