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Standard Chartered Introduces Hypothetical “Mag 7B” Index, Replacing Tesla with Bitcoin for Better Performance

Summary by Bitcoinik
A new hypothetical stock launched by Standard Chartered is known as “Mag 7B” on March 26, 2025, and the “Magnificent 7” index is well known as a modified version. The main and important change in this version is the “removal of Tesla (TSLA) and addition of Bitcoin (BTC)”, and the bank believes that risk and return are aligned more closely with technology stocks. The Magnificent 7 is linked with the seven most powerful U.S. tech companies:-  1. T…
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Standard Chartered Introduces Hypothetical “Mag 7B” Index, Replacing Tesla with Bitcoin for Better Performance

A new hypothetical stock launched by Standard Chartered is known as “Mag 7B” on March 26, 2025, and the “Magnificent 7” index is well known as a modified version. The main and important change in this version is the “removal of Tesla (TSLA) and addition of Bitcoin (BTC)”, and the bank believes that risk and return are aligned more closely with technology stocks. The Magnificent 7 is linked with the seven most powerful U.S. tech companies:-  1. T…

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Bitcoinik broke the news in on Friday, March 28, 2025.
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