Jefferies Excludes Bitcoin from Investment Recommendations Due to Quantum Threats

Bloomberg reported on the 16th that Christopher Wood, the Global Head of Equity Strategy at investment bank Jefferies, has removed the 10% allocation to Bitcoin from its model portfolio. The decision was driven by concerns over the unpredictable advancements in quantum computing potentially compromising the security of Bitcoin. The model portfolio serves as a recommended asset allocation guide for investors. In the latest edition of the newsletter 'Greed & Fear', Mr. Wood pointed out that the emergence of quantum computers could weaken the reliability of Bitcoin as a store of value. There is a growing belief within the Bitcoin community that quantum computers, previously thought to be more than a decade away, could materialize within a few years...