Jefferies withdraws from bitcoin, shifts to gold amid concerns of quantum computing
Jefferies’ global equity strategist Christopher Wood, in the latest Greed & Fear report, announced plans to remove its entire 10% allocation to Bitcoin this week, citing long-term concerns about the rise of quantum computing, ANI reported.
The 10% bitcoin allocation will be reallocated evenly, with 5% invested in gold and the rest 5% to gold-mining stocks, the news portal noted citing the report released by Jefferies.
