Wall Street trader withdraws investment in Bitcoin due to fears of quantum computing
Chris Wood, global head of strategy at Jefferies, withdrew his BTC from his portfolio due to the risks of quantum computing.
by Franco Scandizzo January 20, 2026 Reading time: 4 minutes
A trader next to a Bitcoin coin and a quantum computer.
Quantum computing threatens to break Bitcoin's security. Source: Gemini.
Wood removed 10% of his Bitcoin portfolio that he had recommended since 2021.
He relocated those funds into gold and shares of gold mining companies.
Christopher Wood, global head of equity strategy at Jefferies, decided to eliminate the total allocation of 10% in Bitcoin (BTC) from his model portfolio.
The argument behind his decision is the concern related to the advancement of quantum computing and its possible impact on the security of the Bitcoin network, according to what was published by Bloomberg on January 16.
Chris Wood, global head of strategy at Jefferies, withdrew his BTC from his portfolio due to the risks of quantum computing.
by Franco Scandizzo January 20, 2026 Reading time: 4 minutes
A trader next to a Bitcoin coin and a quantum computer.
Quantum computing threatens to break Bitcoin's security. Source: Gemini.
Wood removed 10% of his Bitcoin portfolio that he had recommended since 2021.
He relocated those funds into gold and shares of gold mining companies.
Christopher Wood, global head of equity strategy at Jefferies, decided to eliminate the total allocation of 10% in Bitcoin (BTC) from his model portfolio.
The argument behind his decision is the concern related to the advancement of quantum computing and its possible impact on the security of the Bitcoin network, according to what was published by Bloomberg on January 16.