Quantum Computing Concerns Lead Jefferies Strategist to Drop Bitcoin on 16 January 2026
On 16 January 2026, Jefferies global head of equity strategy Christopher Wood removed Bitcoin from his model portfolio over long-term security concerns tied to quantum computing. He shifted the former 10% Bitcoin allocation into physical gold and gold-mining stocks, reflecting a preference for assets with long historical resilience as debate grows over whether future quantum advances could challenge Bitcoin’s cryptographic foundations.