According to Bloomberg, Christopher Wood, global head of equity strategy at Jefferies, recently removed his entire 10% Bitcoin allocation from his model portfolio, citing concerns that the development of quantum computing could undermine Bitcoin's cryptographic security.Wood stated that if quantum computing continues to advance, Bitcoin's value as a long-term, pension-like store of value will be challenged, and this risk is beginning to enter the mainstream asset allocation considerations.[ChainCatcher]
According to Bloomberg, Christopher Wood, global head of equity strategy at Jefferies, recently removed his entire 10% Bitcoin allocation from his model portfolio, citing concerns that the development of quantum computing could undermine Bitcoin's cryptographic security.Wood stated that if quantum computing continues to advance, Bitcoin's value as a long-term, pension-like store of value will be challenged, and this risk is beginning to enter the mainstream asset allocation considerations.[ChainCatcher]
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