Standard Chartered executive: BTC is becoming a "substitute for tech stocks", and the trend of inflation hedging is strengthening.

Odaily News Standard Chartered Bank’s Head of Digital Asset Research, Geoff Kendrick, stated that the trend of BTC as an inflation hedging tool is strengthening. He pointed out that BTC is highly correlated with the Nasdaq index in the short term, and it is better to view it as a “technology stock alternative” rather than as a hedging tool for traditional financial issues. Kendrick also suggested that if BTC replaces Tesla in the “Big 7” to form the “Mag 7B” index, its returns would be higher and volatility lower. (BeInCrypto)

BTC-1.54%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)