In his latest Greed & Fear note on Friday, Jefferies’ Christopher Wood raised new concerns, saying the rise of quantum computing could one day put Bitcoin’s entire system at risk, prompting Wood to halt his BTC allocation and shift money into gold and silver.
Wood does not believe the quantum issue will significantly impact BTC prices in the near term.
However, he believes that the concept of ‘store of value’ is clearly on less solid footing from a long-term portfolio perspective.
Bloomberg reports that Christopher Wood, global head of equity strategy at Jefferies, has removed a 10% Bitcoin allocation from his model portfolio, citing concerns that advances in quantum computing could undermine Bitcoin’s long-term security and its role as a store of value.
— Wu Blockchain (@WuBlockchain) January 16, 2026
Bitcoin’s security is based on cryptographic algorithms, which are safe against conventional computing power. However, quantum computers can easily reverse engineer private keys from public keys, threatening the integrity of the system.
The potential of quantum computers to compromise the security of Bitcoin has increased in recent months. Experts believe that a working quantum computer could be available within a few years.
Jefferies Eliminates Bitcoin Allocation for Safe-Haven Assets
Wood, the global equity strategist at Jefferies, has removed a 10% Bitcoin allocation from his model portfolio, Bloomberg reported. Wood cited the risk that quantum computing could undermine BTC’s cryptographic security as a reason to shift focus to traditional safe haven assets.
Wood redistributes the Bitcoin portion equally to gold and gold mining stocks. This represents a complete reversal from his previous bullish stance on Bitcoin.
Buy Gold, Sell Bitcoin: Jefferies’ Chris Wood Explains His Big Bet for 2026 https://t.co/Jiibrm85SV pic.twitter.com/0VjJUE4dpH
— Alok Jain ⚡ (@WeekendInvestng) January 16, 2026
The reallocation is based on long-term safety considerations and not short-term performance measures.
Wood’s move is interpreted as a signal to other institutional investors. Bitcoin has been an important part of long-term investment strategies for several years.
This shift signals growing skepticism about its viability as a store of value.
Related news:
Best Wallet – Diversify Your Crypto Portfolio
- Easy-to-use, feature-driven crypto wallet
- Get early access to upcoming token ICOs
- Multi-chain, multi-wallet, non-custodial
- Now in the App Store, Google Play
- Stake to earn native token $BEST
- 250,000+ monthly active users
#Jefferies #Drops #Bitcoin #Due #Quantum #Computing #Threat