Strategist liquidates position in Bitcoin from model portfolio due to quantum computing #Binance #GrayscaleBNBETFFiling
Until then, Bitcoin represented 10% of Christopher Wood's model portfolio. The space will be occupied and equally divided by physical gold and shares of gold mining companies, each with 5% of the total.
According to Wood, advancements in quantum computing are weakening the thesis of Bitcoin being a reliable store of value, especially for long-term investors.#FantomFoundation
Due to its scarcity, many see Bitcoin as digital gold. However, besides the long monetary history of the metal, it does not carry the same risks associated with cryptocurrencies.