Jefferies removed 10% of its Bitcoin weighting from its simulated portfolio due to the threat of quantum computing, and instead increased its gold holdings.

According to a Foresight News report, Christopher Wood, Global Head of Equity Strategy at Jefferies, stated that he has removed 10% of the Bitcoin weighting from his simulated portfolio. Wood believes that the rapid development of quantum computing poses a potential threat to Bitcoin's cryptographic security and its status as a long-term store of value, especially for pension investors seeking long-term stability. The removed 10% weighting has been reallocated to the gold sector, with 5% allocated to physical gold and the remaining 5% to gold mining stocks. Wood pointed out that since its initial allocation in December 2020, Bitcoin has risen by 325%, far exceeding the 145% increase in gold during the same period. However, against the backdrop of rising geopolitical risks and emerging technological threats, gold's long-term appeal as a historically proven safe-haven asset is increasing.