Standard Chartered Says Bitcoin Beats Tesla in Returns and Volatility – What It Means for BTC Price

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Arslan Butt

Crypto Writer

Arslan Butt

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Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis...

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Last updated: 

March 24, 2025

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Standard Chartered has reimagined the “Magnificent 7” tech index by replacing Tesla with Bitcoin—creating a new lineup dubbed “Mag 7B.” The result? A model that delivered 5% higher returns and nearly 2% lower volatility since December 2017.

Bitcoin’s market cap now exceeds $1.7 trillion, more than double Tesla’s $800 billion.

According to Geoffrey Kendrick, head of digital assets research at Standard Chartered, BTC’s short-term correlation to the Nasdaq—not gold—suggests it now functions more like a tech stock than a traditional hedge.

“If Bitcoin serves both as a TradFi hedge and a tech asset, it broadens its institutional utility,” Kendrick said.

The Mag 7B model beat the original in five of the last seven years, with a higher information ratio of 1.13 versus 1.04—underscoring stronger risk-adjusted returns.

Institutional Bitcoin Use Gains Momentum

Bitcoin’s institutional presence is growing steadily. Since the launch of spot BTC ETFs in early 2024, access to Bitcoin has become as seamless as trading big-name tech stocks—drawing major players off the sidelines.

MicroStrategy purchased 6,911 BTC ($584M) in March, lifting its total holdings to 506,000 BTC—over 2% of the total supply, valued near $33.7 billion.

Metaplanet, despite a 16% stock decline last week, added 150 BTC and now holds 3,350 BTC. The company targets 10,000 BTC by 2025 and 21,000 BTC by 2026.

Meanwhile, Trump Media is entering the ETF space via a partnership with Crypto.com. The firm’s upcoming Truth.Fi-branded ETFs will include digital assets like Bitcoin and Cronos, and be distributed across the U.S., Europe, and Asia.

The deal—coupled with the addition of Eric Trump to Metaplanet’s Strategic Advisory Board—is adding a layer of political capital to Bitcoin’s institutional story.

• MicroStrategy now holds over 2% of total BTC supply.
• Trump Media’s ETF launch ties politics and crypto closer than ever.
• Metaplanet targets 21,000 BTC by 2026 despite stock pressure.

Bitcoin Breaks Above $86.4K Triple Top, Bullish Engulfing Signals More Upside

Bitcoin (BTC/USD) recently broke above a triple-top resistance level at $86,450, confirming the breakout with a bullish engulfing pattern on the 4-hour chart. Price is holding above the 50-period EMA at $85,227, reinforcing the short-term bullish structure.

If momentum sustains, the next resistance levels to watch are $88,778 and $90,750. A daily close above those levels could set the stage for a test of $92,800. On the downside, support rests at $86,450 and $84,870.

As long as BTC trades above the breakout zone, technical bias remains upward—particularly as investors position ahead of potential tariff announcements and key Fed signals later this week.

Summary Points:

• Standard Chartered’s “Mag 7B” index with Bitcoin outperformed Tesla in both returns and volatility.
• Bitcoin’s market cap ($1.7T) now more than doubles Tesla’s, reinforcing its tech-stock correlation.
• MicroStrategy and Metaplanet continue to accumulate BTC; institutional adoption shows no signs of slowing.
• Trump Media’s ETF push and Eric Trump’s involvement signal a growing political-financial link to crypto.
• BTC breaks above $86,450; momentum points to $88,778 and $90,750 as next resistance levels.

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