This Analyst Is Dumping Bitcoin Over Quantum Computing Fears

Jefferies strategist Christopher Wood removed Bitcoin from his Greed & Fear portfolio due to concerns over quantum computing's potential to threaten its cryptographic security. Wood replaced the Bitcoin allocation with gold and gold-mining equities, citing quantum computing as a structural risk to Bitcoin's long-term value as a store of value. The debate within the Bitcoin community and mainstream finance highlights the growing uncertainty around quantum computing's impact on cryptocurrencies.