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Jefferies removes 10% bitcoin allocation from simulated portfolio due to quantum computing threats, increases gold holdings instead

Jefferies removes 10% bitcoin allocation from simulated portfolio due to quantum computing threats, increases gold holdings instead

ForesightNewsForesightNews2026/01/16 09:48
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Foresight News reported, citing Bloomberg, that Christopher Wood, Global Head of Equity Strategy at Jefferies, has removed the entire 10% bitcoin allocation from his model portfolio. Wood believes that the rapid development of quantum computing poses a potential threat to bitcoin’s cryptographic security and its status as a long-term store of value, especially for pension investors seeking long-term stability. The removed 10% allocation has been redistributed to the gold sector, with 5% allocated to physical gold and another 5% to gold mining stocks. Wood pointed out that since its initial allocation in December 2020, bitcoin has risen by 325%, far outpacing gold’s 145% increase over the same period. However, against a backdrop of rising geopolitical risks and emerging technological threats, gold’s long-standing appeal as a historically proven safe haven is increasing.

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