Jefferies’ ‘Greed & Fear’ strategist cuts Bitcoin allocation to zero on quantum risk

Jefferies’ Greed & Fear strategist Christopher Wood has slashed a 10% Bitcoin allocation from his portfolio and moved into gold, citing the quantum risk to BTC, Bloomberg reports.

Investment bank Jefferies’ longtime “Greed & Fear” strategist Christopher Wood has reportedly dropped Bitcoin entirely from his flagship model portfolio, citing mounting concerns that advances in quantum computing could undermine the cryptocurrency’s long-term security.

According to a report by Bloomberg, in the latest edition of his Greed & Fear newsletter, Wood said the 10% Bitcoin (BTC) allocation he first added in late 2020 has been replaced by a split position in physical gold and gold mining stocks.

He argued that quantum breakthroughs would weaken Bitcoin’s claim to be a dependable store of value for pension‑style investors.

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