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Invezz 2025-03-24 21:11:51

Is Bitcoin just another large-cap tech stock after all?

Bitcoin is often compared to gold and promoted as a hedge against financial risks. However, Standard Chartered analyst Geoffrey Kendrick argues that the world’s largest cryptocurrency behaves more like a large-cap tech stock than the yellow metal. “Bitcoin trading is highly correlated to the Nasdaq over short time horizons,” Kendrick told clients in a recent

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