š” Breaking News ā 9:58 PM, January 19, New York City ā”š½
Jefferies has issued an urgent market warning as strategist Christopher Wood moves to completely exit Bitcoin, citing accelerating risks that quantum computing could one day break the cryptographic foundations securing the worldās largest cryptocurrency.
According to Bloomberg and InsideBitcoins, Wood removed a full 10% BTC allocation from Jefferiesā model portfolio, shifting the capital into gold and goldāmining equities as concerns rise that quantum breakthroughs may arrive within years, not decades. š§Øš»š [insidebitcoins.com], [bloomberg.com]
This developing story has sparked intense debate across the crypto ecosystem as experts warn that cryptographically relevant quantum computers could theoretically derive private keys from exposed public keysāposing what Wood describes as a potentially existential threat to Bitcoinās longāterm storeāofāvalue status.
While Jefferies stresses the risk may not hit nearāterm price action, the shift signals growing institutional anxiety as quantum R&D accelerates worldwide. šššŖ [bloomberg.com], [livemint.com]
$WCT
Market watchers note that quantum concerns have already begun influencing portfolio strategies, with some analysts arguing developers are underestimating the threat while others believe the network still has time to migrate to quantumāresistant schemes.
Regardless, the sudden rotation from Bitcoin into gold by a major Wall Street strategist has placed fresh pressure on sentiment, forcing investors to reassess how futureāproof crypto security really is amid rapid technological change. šØšš [bloomberg.com], [blockonomi.com]