## Quantum Computing Threatens Bitcoin: Jefferies Changes Strategy The future of Bitcoin is being questioned by the advancement of quantum computing. Christopher Wood, a key figure at Jefferies, has expressed significant concerns regarding the ability of quantum computers to break the encryption on which Bitcoin is based. This potential vulnerability has led Jefferies to revise its investment recommendations, excluding Bitcoin. The company anticipates that the competition between cryptocurrency developers and advances in quantum computing will favor gold in the long term. ## Broader Implications for the Crypto World The news raises questions about the long-term security of cryptocurrencies. Although blockchain technology is considered secure, the threat of blockchain attacks by quantum computers may require the development of new, more resilient encryption standards. The crypto community will have to face this challenge to ensure the survival and reliability of digital currencies in the future.