Quantum Computing Raises Fresh Doubts About Bitcoin, Investors Shift to Gold
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: 9h ago- Investor Confidence Shaken: Christopher Wood, global head of equity strategy at Jefferies, has completely removed Bitcoin from his model portfolio, reflecting deep concerns about future quantum computing threats to Bitcoin's security, indicating a decline in long-term investor confidence in Bitcoin.
- Rising Technical Risks: Bitcoin's reliance on cryptographic systems may become vulnerable to quantum computers, prompting investors to focus on this low-probability but high-impact risk, leading to diminished confidence in Bitcoin as a long-term capital preservation tool.
- Asset Allocation Shift: Wood's 10% allocation to Bitcoin has been replaced with traditional hedges like physical gold and gold-mining equities, signaling a preference for assets with a long history of weathering technological and geopolitical changes.
- Importance of Technological Adaptation: As quantum computing advances, investors are reassessing the long-term viability of digital assets, reflecting how emerging technologies are reshaping capital allocation, even though Bitcoin is not being entirely abandoned.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
