Popular Strategist Dumps Bitcoin Over Quantum Computing Threat — What’s Really Happening?

A high-profile strategist just made a seismic portfolio shift—yanking Bitcoin entirely over fears of quantum decryption. The move sends a stark warning through crypto circles: is the digital gold standard about to face its ultimate hack?

The Quantum Countdown

Quantum computers don't just compute faster; they shatter current encryption. Bitcoin's SHA-256 algorithm, once considered fortress-like, could be cracked open in hours instead of millennia. This isn't sci-fi—it's a ticking clock on every wallet's security.

Strategic Panic or Prudent Foresight?

The strategist's exit screams preemptive risk management. Why hold an asset whose foundational technology might get obsolete? Other investors are watching, weighing whether this is a lone alarm bell or the start of a mass exodus. Some funds are already quietly exploring quantum-resistant altcoins—just in case.

Market Ripples and Denial

Bitcoin's price dipped on the news, then stabilized. True believers called it fear-mongering, pointing out that quantum-ready crypto solutions are in development. But the nagging question remains: can upgrades outpace the breach? It's a classic tech race, with trillions on the line.

The Finance Jab

Wall Street veterans are smirking—watching crypto grapple with an existential tech threat while they still trade on paper-thin margins and regulatory favors. Sometimes, the oldest risks are the safest bets.

Bottom Line: This move forces a brutal conversation. Quantum computing isn't a distant maybe; it's a coming reality. Either crypto evolves at light speed, or it gets left behind—decrypted and defunct. The strategist might look like a prophet or a panicker, but one thing's clear: the future of finance is being rewritten, one qubit at a time.

Why Market Strategist Cut 10% BTC Exposure

Christopher Wood, global head of equity strategy at Jefferies, has dropped a 10% allocation to Bitcoin, the world’s largest cryptocurrency by market capitalization, from his model portfolio. In his latest “Greed & Fear” newsletter release, the market strategist highlighted the rise of quantum computing as the reason behind this move.

Wood highlighted his fears that the advances in quantum computing could threaten Bitcoin’s place and reputation as a dependable store of value, especially in the long term. As the expert said in his newsletter, the market is currently riddled with the fear that quantum computing could be just a few years away.

This growing concern borders on quantum computers being hypothesized to have the capacity to breach the Bitcoin network’s cryptographic technology. It is believed that these computers can enable attackers to reverse-engineer private keys from public ones, thereby tampering with the integrity of blockchain transactions.

Wood, who was an early institutional supporter of BTC, initially added the premier cryptocurrency to his model portfolio in December 2020 following the COVID-19 pandemic. By 2021, the Jefferies global head of equity strategy expanded this Bitcoin allocation to 10%.

However, the market expert appears to now be viewing the flagship cryptocurrency with a little bit of skepticism, as he believes that the Quantum threat is potentially existential, undermining its status as a store of value and “digital alternative to gold.” Hence, Wood refocused his model portfolio on older assets, splitting the 10% BTC allocation equally between physical gold and gold mining stocks.

While there is no clear timeline for when quantum computers will reach the market, Wood is not the only one who has recently expressed concerns about the Quantum threat. In the past week, Capriole Investments founder Charles Edwards has also discussed how Bitcoin has decoupled from global liquidity due to the quantum threat.

Edwards wrote on X:

The timeframe to a non-zero probability of a quantum machine breaking Bitcoin’s cryptography is now less than the estimated time it will take to upgrade Bitcoin. Money is repositioning to account for this risk accordingly.

Bitcoin Price At A Glance

As of this writing, the price of BTC stands at around $95,370, reflecting a 0.3% dip in the past 24 hours.