Jefferies Chief Strategist Removes Bitcoin Allocation Due to Quantum Computing Risks
BlockBeats News, January 16, according to Bloomberg, Christopher Wood, Global Head of Equity Strategy at Jefferies, recently removed the entire 10% bitcoin allocation from his model portfolio, citing concerns that advances in quantum computing could undermine bitcoin’s cryptographic security.
Wood stated that if quantum computing continues to make breakthroughs, bitcoin’s value as a long-term, pension-like store of value will be challenged, and this risk is beginning to enter the mainstream asset allocation considerations.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Microsoft integrates Office Suite into Copilot, turning the AI assistant from a “plugin” into an “entry point”, and the stock price rises by 3.7%
Microsoft has announced a major upgrade to Copilot: Word, Excel and PowerPoint will be directly integrated into this AI assistant. Additionally, new programming tool Code and a continuously running AI agent called Autopilot have been introduced, aiming to transform Copilot from a single AI assistant into a one-stop solution for office work, programming, and task execution.
The United States requires Colorado coal-fired power plants to remain operational
Warner Bros. Discovery plans to delist euro-denominated notes from Nasdaq.
Crypto prices
More
