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Christopher Wood, Head of Global Equity Strategy at investment bank Jefferies, removed the entire 10% Bitcoin (BTC) allocation from his model portfolio due to concerns about the development of quantum computing. In his Greed & Fear newsletter, as quoted by Bloomberg, he assessed that this technological advancement has the potential to threaten the long-term security of the world's largest crypto asset. The Bitcoin positions he divested were then shifted to physical gold and gold mining stocks, assets considered to have a longer and more stable track record.
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