ChainCatcher reports that, according to Bloomberg, Christopher Wood, head of global equity strategy at Jefferies, recently removed all 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 breakthroughs in quantum computing continue, Bitcoin's role as a long-term, pension-like store of value asset will face challenges, and this risk is beginning to enter the mainstream asset allocation considerations.
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