Christopher Wood at Jefferies dumped his 10% Bitcoin allocation entirely and went back to gold. His reasoning? Quantum computing could eventually crack the cryptographic signatures protecting about 30% of circulating $BTC —coins sitting in older address formats that haven't moved in years.

It's not an immediate threat, but the fact that a traditional finance analyst is modeling for it tells you something about how institutional risk frameworks are evolving.

They're not just watching price action or adoption—they're stress-testing assumptions most retail holders don't even think about. Whether the threat materializes or not, the reallocation itself reflects a shift in how legacy finance is weighing tail risks in digital assets. Worth watching how this narrative develops if quantum milestones keep accelerating.

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