newssnb

@SNBooM10⁹⁹ #NEWSSNB
Terrifyingly Delicious About Quantum, US Investment Bank Withdraws from Bitcoin
Global Equity Strategy Head at investment bank Jefferies Christopher Wood has removed the entire 10% Bitcoin (BTC) allocation from his model portfolio due to concerns over the developments in quantum computing.
In the Greed & Fear newsletter cited by Bloomberg, he assessed that advancements in technology could potentially threaten the long-term security of the world's largest crypto asset.
The Bitcoin position that was sold has since been redirected to physical gold and shares of gold mining companies, assets that are considered to have a longer and more stable track record.