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Nasdaq stock exchange

TheStreet

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Technology

Bitcoin could be more like Tesla and Apple than you think

Summary

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Standard Chartered's head of Digital Asset Research , Geoffrey Kendrick , has found a strong correlation between Bitcoin and the Nasdaq Composite.

Kendrick crafted a hypothetical " Mag 7B " index that substitutes Bitcoin for Tesla in the famous " Magnificent 7B ". The index often includes top tech names such as Apple , Microsoft , Amazon , Meta , Alphabet , Nvidia , and Tesla .