According to Foresight News, Christopher Wood, the global head of equity strategy at Jefferies, has eliminated the 10% Bitcoin allocation from his model portfolio. Wood expressed concerns that the rapid advancement of quantum computing poses a potential threat to Bitcoin's encryption security and its status as a long-term store of value, particularly for pension investors seeking stability. The removed Bitcoin allocation has been redistributed into the gold sector, with 5% allocated to physical gold and another 5% to gold mining stocks. Wood noted that since the initial allocation in December 2020, Bitcoin has surged by 325%, significantly outperforming gold, which rose by 145% during the same period. However, amid rising geopolitical risks and emerging technological threats, gold's historical role as a safe haven is becoming increasingly attractive.