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Jefferies Chief Strategist Removes Bitcoin Configuration Due to Quantum Computing Risks

according to Bloomberg, Christopher Wood, Global Head of Equity Strategy at Jefferies, recently removed the 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 asset store will be challenged, and this risk is beginning to enter the consideration range of mainstream asset allocation.

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