Bitcoin, Gold Investment News: Jefferies Strategist Swaps BTC for Gold, Cites Quantum Computing Risk

A Wall Street analyst warns that quantum computing could eventually crack the cryptography of bitcoin

Jonathan Raa/NurPhoto via Getty ImagesChristopher Wood, a longtime bitcoin bull, just dumped his portfolio's holdings of the crypto.The Jefferies strategist said he believed quantum computing posed an existential risk to bitcoin.CRQCs, one type of supercomputer, could jeopardize as much as 50% of bitcoin's total supply, one study said.A longtime crypto bull is ditching bitcoin for gold.Christopher Wood, the global head of equity strategy at Jeff…

Bitcoin, gold investment news: Jefferies strategist swaps BTC for gold, cites quantum computing risk

Christopher Wood, Jefferies' global head of equity strategy, swapped a 10% bitcoin allocation with gold on concern quantum computing could weaken bitcoin’s security case.

Jefferies withdraws from bitcoin, shifts to gold amid concerns of quantum computing

Jefferies' strategist Christopher Wood announced a complete withdrawal of its 10% Bitcoin allocation due to long-term concerns about quantum computing, reallocating funds to gold and gold-mining stocks.

Jefferies Drops Bitcoin: Quantum Computing Spurs Shift to Gold

Jefferies' global equity strategist, Christopher Wood, has announced a shift from Bitcoin to gold and gold-mining stocks due to concerns about quantum computing. Although Bitcoin has shown impressive gains, long-term risks are prompting a reallocation strategy for a more stable store of value within a pension portfolio.

Wall Street Expert Removes Leaves Bitcoin – #CryptoUpdatesGNIT

Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead. Grab a coffee — because this isn’t about price charts, ETF flows, or the next halving narrative. It’s about something far more uncomfortable: whether Bitcoin, as it exists today, is built to last. Crypto News of the Day: Why One of Wall Street’s Biggest Bitcoin Bulls Just Walked Away A quiet but consequential shif…

Bitcoin’s Quantum Problem: When Your Digital Gold Meets Its Kryptonite

So here’s a fun Friday thought: What if I told you that the same technology that might cure cancer and solve climate change could also completely destroy Bitcoin? Welcome to the wild world of quantum computing, where Christopher Wood from Jefferies just had his “oh crap” moment and dumped all his Bitcoin for actual, shiny gold. Wood isn’t some crypto newbie having a panic attack. This guy has been riding the Bitcoin wave for five years, keeping …