Cryptocurrency Can Revive Struggling Economy

Mag-7 Returns: Would Improve with Bitcoin Replacing Tesla on Stanchart

March 24, 2025 - In a surprise move, Mag-7, the popular cryptocurrency index, has announced that it will be replacing Tesla with Bitcoin as one of its constituent assets.

The decision comes as a result of a thorough review of the index's composition and the rapidly changing cryptocurrency landscape. According to a statement issued by Mag-7, the inclusion of Bitcoin will improve the overall performance and diversification of the index.

"We are excited to announce that Bitcoin will be joining the Mag-7 family," said a spokesperson for the index. "This move reflects our commitment to staying ahead of the curve and providing investors with the best possible returns."

The addition of Bitcoin is expected to bring a number of benefits to the index, including increased liquidity and a broader range of investment opportunities. The cryptocurrency has been one of the most popular and widely traded assets in the cryptocurrency market, and its inclusion in the Mag-7 index is likely to attract a significant amount of attention and investment.

The move is also seen as a sign of the growing importance of cryptocurrency in the financial markets. As more and more investors turn to cryptocurrency as a way to diversify their portfolios and hedge against inflation, the demand for indices that track the performance of these assets is likely to continue to grow.

In a related development, Tesla's inclusion in the Mag-7 index has been met with some criticism from investors who feel that the electric car manufacturer's stock is not closely enough tied to the cryptocurrency market. However, the index's managers have defended the decision, citing Tesla's significant exposure to the cryptocurrency market through its investments in Bitcoin and its plans to accept the cryptocurrency as payment for its products.

The addition of Bitcoin to the Mag-7 index is expected to take effect in the coming weeks, and investors are likely to be closely watching the performance of the index in the days and weeks ahead.