Your email has been successfully added to our mailing list.

×
-0.0017777777777779 -0.0017777777777779 0.00088888888888887 0.00622222222222209 0.00622222222222209 0.00622222222222209 0.00622222222222209 0.00622222222222209
Stock impact report

Jefferies strategist Christopher Wood swaps bitcoin for gold on quantum computing concern [Yahoo! Finance]

BTQ Technologies Corp. (BTQ) 
Company Research Source: Yahoo! Finance
quantum computing could eventually weaken the Bitcoin blockchain's security and, by extension, its appeal as a long-term store of value. Wood reported the change in his “Greed & Fear” newsletter, as reported by Bloomberg, and replaced the bitcoin with a 5% allocation to physical gold and 5% to gold-mining stocks. Wood added bitcoin to the model portfolio in late 2020 and increased exposure in 2021, arguing it could serve as an alternative to gold as governments pumped stimulus into the economy. He is now leaning back toward assets with longer track records. The concern is simple. Bitcoin relies on cryptography to secure wallets and authorize transfers. Current computers cannot realistically break those protections. But future machines exploiting features of quantum mechanics could make it easier to work backward from public information to the private keys that are used to authorize transactions. Read more: Quantum computing threatens the $2 trillion Bitcoin network. BTQ Techno Show less Read more
Impact Snapshot
Event Time:
BTQ
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for
BTQ alerts

from News Quantified
Opt-in for
BTQ alerts

from News Quantified