Bitcoin = Gold 2.0? Not so fast. According to a new study, Bitcoin isn’t acting like a hedge against market chaos anymore—it’s moving like just another overcaffeinated tech stock. Yup, the digital rebel might’ve joined the very Wall Street crowd it promised to disrupt.

Standard Chartered’s data says BTC’s correlation with the Nasdaq Composite is around 0.5, and at times soared to 0.8. That’s “tech bro” territory. Meanwhile, its vibe check with gold? Just 0.2. That’s a breakup if we’ve ever seen one.

Their new fantasy portfolio, dubbed the “Mag 7B” (Magnificent 7, but swap Tesla for Bitcoin), outperformed the OG Magnificent 7 by 5% since 2017, delivering an extra 1% annualized return. So, BTC might not be your apocalypse hedge—but it’s playing ball with the big tech boys.

“Bitcoin behaves like a tech stock over shorter horizons,” says Standard Chartered’s head of digital assets, ” says Geoffrey Kendrick. Translation: Institutions are stuffing BTC into growth portfolios, not into doomsday bunkers.

These findings suggest that as institutional adoption of Bitcoin grows, its market behavior increasingly resembles that of traditional tech stocks, prompting investors to reconsider its role within diversified portfolios. Despite this evolving dynamic, some analysts maintain that Bitcoin’s fixed supply and decentralized nature continue to make it a compelling hedge against inflation and currency depreciation. ​

Disclosure: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research and consult with a financial advisor before making investment decisions.

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