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TechFlow news, January 16 — According to Bloomberg, Christopher Wood, Jefferies' global equity strategy head, has removed a 10% bitcoin allocation from his model portfolio. In the latest edition of his "Greedy & Fear" newsletter, Wood stated that advances in quantum computing could undermine bitcoin's case as a reliable store of value, especially for long-term investors such as pension funds.
According to Bloomberg, Christopher Wood, Jefferies' global equity strategy head, has removed a 10% bitcoin allocation from his model portfolio. In the latest edition of his "Greedy & Fear" newsletter, Wood stated that advances in quantum computing could undermine the argument for bitcoin as a reliable store of value, especially for long-term investors such as pension funds.
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