Jefferies' strategist Andrew Wood has reportedly reduced the Bitcoin allocation in his model portfolio. The decision involved removing the existing 10% stake in Bitcoin and reallocating those funds into gold and gold-mining stocks. This adjustment was made due to concerns surrounding the potential impact of quantum computing on cryptocurrency security, according to reports. The development reflects a cautious approach to Bitcoin in light of emerging technological threats.

Jefferies' strategist Andrew Wood has reportedly reduced the Bitcoin allocation in his model portfolio. The decision involved removing the existing 10% stake in Bitcoin and reallocating those funds into gold and gold-mining stocks. This adjustment was made due to concerns surrounding the potential impact of quantum computing on cryptocurrency security, according to reports. The development reflects a cautious approach to Bitcoin in light of emerging technological threats.