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Jefferies Strategist Ditches Bitcoin for Gold Amid Quantum Threats

1/17/2026

Summary

Story summary

Christopher Wood, head of equity strategy at Jefferies, removed Bitcoin from his model portfolio because quantum computing could allow attackers to reverse-engineer private keys, undermining Bitcoin's security.
He replaced the 10% Bitcoin allocation with 5% in physical gold and 5% in gold-mining stocks.
Wood emphasized gold's historical stability amid geopolitical uncertainties.
Nic Carter expresses concern about quantum risks affecting Bitcoin's future.

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Story summary

Christopher Wood, head of equity strategy at Jefferies, removed Bitcoin from his model portfolio because quantum computing could allow attackers to reverse-engineer private keys, undermining Bitcoin's security.
He replaced the 10% Bitcoin allocation with 5% in physical gold and 5% in gold-mining stocks.
Wood emphasized gold's historical stability amid geopolitical uncertainties.
Nic Carter expresses concern about quantum risks affecting Bitcoin's future.