Jefferies’ ‘Greed & Fear’ strategist cuts Bitcoin allocation to zero on quantum risk - Source: CoinTelegraph

Investment bank Jefferies’ longtime “Greed & Fear” strategist Christopher Wood has reportedly eliminated Bitcoin from his flagship model portfolio, citing mounting concerns that advances in quantum computing may undermine the cryptocurrency’s long-term security.

According to a report by Bloomberg, Wood said in the latest edition of his Greed & Fear newsletter, that the 10% Bitcoin allocation he first added in late 2020 has been replaced by a split position in physical gold and gold mining stocks.

Story continues: https://cointelegraph.com/news/efferies-greed-fear-strategist-cuts-bitcoin-allocation