Jefferies' Wood Reduces Bitcoin Allocation Citing Quantum Computing Risks
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.
Never miss a Web3 update
Join our Telegram channel to receive news in real-time, straight to your phone.