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Stock impact report

Bitcoin Out, Gold In? Jefferies' Shocking Treasury Shift Over These Fears [Yahoo! Finance]

Jefferies Financial Group Inc. (JEF) 
Last jefferies financial group inc. earnings: 10/25 04:42 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Bitcoin delivered 325% returns since Jefferies added it in December 2020. The firm views gold as a safer, proven store of value in this environment. Jefferies Financial Group has removed its entire 10% Bitcoin (BTC) allocation from its long-only U.S. dollar pension portfolio. The global investment bank disclosed the decision in the latest edition of its widely followed Greed & Fear weekly investment report, written by Christopher Wood, the firm's global head of equity strategy. Jefferies removed Bitcoin from its pension portfolio largely because of concerns that long-term advances in quantum computing could undermine Bitcoin's security model. In its Greed & Fear report, the firm pointed to the emergence of so-called “cryptographically relevant quantum computers” (CRQCs), which could eventually undermine the cryptographic foundations that secure blockchain networks. Under current conditions, cracking a Bitcoin private key using conventional supercomputers would take trilli Show less Read more
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