Svmuu News: In the latest edition of his “Greed & Fear” market newsletter, Jefferies strategist Christopher Wood stated that, due to growing concerns that advances in quantum computing could compromise the long-term security of cryptocurrencies, he has completely removed Bitcoin from his flagship model portfolio.The 10% allocation to Bitcoin, which he had initially added in late 2020, has been replaced by a combination of physical gold and gold mining stocks.Christopher Wood added that breakthroughs in quantum computing would undermine Bitcoin as a reliable store of value for pension-style investors. If the timeline for quantum technology is accelerated, some capital allocators would now question Bitcoin’s store-of-value attributes,while cryptography-related vulnerabilities may emerge sooner than expected, allowing attackers to derive private keys from exposed public keys. This could undermine the cryptographic technology underpinning Bitcoin balances and mining rewards, challenging its role as “digital gold” in pension-style investment portfolios. (Bloomberg)