On January 16 (UTC+8), Christopher Wood, Head of Global Equity Strategy at Jefferies, said he had completely removed the 10% Bitcoin allocation from his model portfolio. Wood believes that the rapid development of quantum computing poses a potential threat to Bitcoin's cryptographic security and its status as a long-term store of value—especially for pension investors seeking long-term stability.The 10% allocation previously held in Bitcoin has been reallocated to the gold sector, with 5% assigned to physical gold and another 5% to gold mining stocks.Wood noted that since its initial allocation in December 2020, Bitcoin has risen 325%, significantly outperforming gold, which rose 145% over the same period. However, against a backdrop of rising geopolitical risks and emerging technological threats, gold’s long-standing appeal as a historically proven safe-haven asset is increasing. (Source: Foresight News)[ME News]
On January 16 (UTC+8), Christopher Wood, Head of Global Equity Strategy at Jefferies, said he had completely removed the 10% Bitcoin allocation from his model portfolio. Wood believes that the rapid development of quantum computing poses a potential threat to Bitcoin's cryptographic security and its status as a long-term store of value—especially for pension investors seeking long-term stability.The 10% allocation previously held in Bitcoin has been reallocated to the gold sector, with 5% assigned to physical gold and another 5% to gold mining stocks.Wood noted that since its initial allocation in December 2020, Bitcoin has risen 325%, significantly outperforming gold, which rose 145% over the same period. However, against a backdrop of rising geopolitical risks and emerging technological threats, gold’s long-standing appeal as a historically proven safe-haven asset is increasing. (Source: Foresight News)[ME News]
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