Christopher Wood, the global head of equity strategy at Jefferies, has removed a 10% Bitcoin allocation from his model portfolio. Wood's decision is driven by concerns that advancements in quantum computing could potentially compromise Bitcoin's long-term security and its effectiveness as a store of value for institutional investors. This move reflects growing apprehension in the financial sector about the impact of emerging technologies on cryptocurrency security.
Jefferies' Christopher Wood Cuts Bitcoin Allocation Over Quantum Computing Fears
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