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 eliminated Bitcoin from his flagship model portfolio, citing mounting concerns that advances in quantum computing may undermine the cryptocurrency’s long-term security.
According to a report by Bloomberg, Wood said in the latest edition of his Greed & Fear newsletter, that the 10% Bitcoin (BTC) allocation he first added in late 2020 has been replaced by a split position in physical gold and gold mining stocks.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.
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments