Customary Chartered has reimagined the “Magnificent 7” tech index by changing Tesla with Bitcoin—creating a brand new lineup dubbed “Magazine 7B.” The outcome? A mannequin that delivered 5% increased returns and almost 2% decrease volatility since December 2017.
Bitcoin’s market cap now exceeds $1.7 trillion, greater than double Tesla’s $800 billion.
In response to Geoffrey Kendrick, head of digital belongings analysis at Customary Chartered, BTC’s short-term correlation to the Nasdaq—not gold—suggests it now capabilities extra like a tech inventory than a conventional hedge.
“If Bitcoin serves each as a TradFi hedge and a tech asset, it broadens its institutional utility,” Kendrick mentioned.
The Magazine 7B mannequin beat the unique in 5 of the final seven years, with the next data ratio of 1.13 versus 1.04—underscoring stronger risk-adjusted returns.
Institutional Bitcoin Use Good points Momentum
Bitcoin’s institutional presence is rising steadily. Because the launch of spot BTC ETFs in early 2024, entry to Bitcoin has turn out to be as seamless as buying and selling big-name tech shares—drawing main gamers off the sidelines.
MicroStrategy bought 6,911 BTC ($584M) in March, lifting its whole holdings to 506,000 BTC—over 2% of the full provide, valued close to $33.7 billion.
$MSTR – MICROSTRATEGY PURCHASES 6,911 BITCOINS BETWEEN MAR 17 – MAR 23 AT AN AVERAGE OF $84,529
TOTAL: $584.10M pic.twitter.com/00eELp2d7g— PeloSwing
(@PeloSwing) March 24, 2025
Metaplanet, regardless of a 16% inventory decline final week, added 150 BTC and now holds 3,350 BTC. The corporate targets 10,000 BTC by 2025 and 21,000 BTC by 2026.
In the meantime, Trump Media is getting into the ETF area by way of a partnership with Crypto.com. The agency’s upcoming Fact.Fi-branded ETFs will embrace digital belongings like Bitcoin and Cronos, and be distributed throughout the U.S., Europe, and Asia.
TF is happening?
Trump’s media firm, Trump Media, simply signed an settlement with @cryptocom to launch crypto-ETFs
When Trump was speaking about successful a lot, I assumed he was speaking about us successful, not himself pic.twitter.com/Wa9McPoBsZ— Tehsin.eth (@Tehsin_Amlani) March 24, 2025
The deal—coupled with the addition of Eric Trump to Metaplanet’s Strategic Advisory Board—is including a layer of political capital to Bitcoin’s institutional story.
- MicroStrategy now holds over 2% of whole BTC provide.
- Trump Media’s ETF launch ties politics and crypto nearer than ever.
- Metaplanet targets 21,000 BTC by 2026 regardless of inventory stress.
Bitcoin Breaks Above $86.4K Triple Prime, Bullish Engulfing Alerts Extra Upside
Bitcoin (BTC/USD) lately broke above a triple-top resistance stage at $86,450, confirming the breakout with a bullish engulfing sample on the 4-hour chart. Worth is holding above the 50-period EMA at $85,227, reinforcing the short-term bullish construction.
If momentum sustains, the following resistance ranges to look at are $88,778 and $90,750. A every day shut above these ranges may set the stage for a check of $92,800. On the draw back, help rests at $86,450 and $84,870.
So long as BTC trades above the breakout zone, technical bias stays upward—notably as buyers place forward of potential tariff bulletins and key Fed alerts later this week.
Abstract Factors:
- Customary Chartered’s “Magazine 7B” index with Bitcoin outperformed Tesla in each returns and volatility.
- Bitcoin’s market cap ($1.7T) now greater than doubles Tesla’s, reinforcing its tech-stock correlation.
- MicroStrategy and Metaplanet proceed to build up BTC; institutional adoption reveals no indicators of slowing.
- Trump Media’s ETF push and Eric Trump’s involvement sign a rising political-financial hyperlink to crypto.
- BTC breaks above $86,450; momentum factors to $88,778 and $90,750 as subsequent resistance ranges.
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