According to Bloomberg, Christopher Wood, Head of Global Equity Strategy at Jefferies, recently removed all 10% Bitcoin allocation from his model investment portfolio, citing the development of quantum computing as a potential threat to Bitcoin's cryptographic security. Wood stated that if breakthroughs in quantum computing continue, Bitcoin's value storage property as a long-term, pension-like asset will face challenges, and this risk is beginning to enter the mainstream asset allocation considerations.
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According to Bloomberg, Christopher Wood, Head of Global Equity Strategy at Jefferies, recently removed all 10% Bitcoin allocation from his model investment portfolio, citing the development of quantum computing as a potential threat to Bitcoin's cryptographic security. Wood stated that if breakthroughs in quantum computing continue, Bitcoin's value storage property as a long-term, pension-like asset will face challenges, and this risk is beginning to enter the mainstream asset allocation considerations.