Jefferies Chief Strategist removes Bitcoin allocation due to quantum computing risk

On January 16, Bloomberg reported that Christopher Wood, head of global equity strategy at Jefferies, recently removed all 10% of Bitcoin holdings from his model investment portfolio, citing concerns that the development of quantum computing could undermine Bitcoin's cryptographic security. Wood stated that if breakthroughs in quantum computing continue, Bitcoin's value storage properties as a long-term, pension-like asset will face challenges, and this risk is beginning to enter the mainstream asset allocation considerations.