Standard Chartered Urges Investors to Ditch Tesla for Bitcoin Amid Plummeting Stock and Soaring Crypto
March 27, 2025
Bitcoin's increasing stability is attributed to heightened institutional interest, with significant inflows from firms like BlackRock and Fidelity into Bitcoin ETFs.
Standard Chartered has advised investors to sell Tesla stock and buy Bitcoin, as Tesla's performance has significantly declined in 2025.
Elon Musk's political controversies and leadership challenges have further tarnished Tesla's brand image, contributing to its declining stock performance.
A proposed hypothetical index, the 'Mag 7B', suggests that if Bitcoin replaced Tesla, it would have yielded better returns and reduced volatility since December 2017.
In light of these developments, Geoffrey Kendrick, Global Head of Digital Assets Research at Standard Chartered, believes Bitcoin presents a more favorable investment opportunity.
Tesla's stock has plummeted by 45% this year, largely due to fierce competition and a notable drop in sales across key markets.
The price of Bitcoin has skyrocketed from around $4,000 in 2017 to over $109,000 in the first quarter of 2025, pushing its market cap beyond $1.5 trillion.
In particular, Tesla's sales have fallen by 76% in Germany, halved in China, and the company has reported its first decline in US deliveries.
The BTC Bull token is designed to capitalize on Bitcoin's price increases, featuring mechanisms for burning tokens and distributing free Bitcoin to holders as milestones are achieved.
As investors seek alternatives, many are turning to the BTC Bull token presale, which has successfully raised over $4.1 million.
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99Bitcoins • Mar 27, 2025
Standard Chartered Suggests: Sell TSLA Stock, Buy Bitcoin