Top Wall Street Equity Strategist Exits Bitcoin Over Quantum Computing Risk

Source: CryptoNewsNet Original Title: Top Wall Street equity strategist exits Bitcoin over quantum computing threat Original Link:

Overview

Jefferies’ Global Head of Equity Strategy Christopher Wood has removed Bitcoin from his model portfolio over concerns that advances in quantum computing could eventually undermine its long-term viability as a store of value.

Key Details

Writing in his Greed & Fear newsletter, Wood noted that the technology may arrive sooner than expected and poses an existential risk to Bitcoin’s security and mining system.

The strategist originally added Bitcoin to his model portfolio in 2020 and raised the allocation to 10%. He has now exited the position entirely, reallocating to 5% in physical gold and 5% in gold-mining stocks.

Background Context

About four months ago, Wood argued that both gold and Bitcoin served as core hedges against dollar debasement. He emphasized Bitcoin’s appeal to younger generations but noted that gold’s centuries-long history gave it a structural advantage.

Market Implications

While quantum technology remains in early stages, experts acknowledge it poses a potential structural vulnerability to Bitcoin’s protocol if scalable advances materialize. The move signals that quantum risk is now entering mainstream asset allocation discussions, prompting some institutional investors to reevaluate their crypto exposure.