New Delhi, Jan. 16 -- In its latest Greed & Fear report, Jefferies' global equity strategist Christopher Wood has announced that the strategy will remove its entire 10 per cent allocation to Bitcoin this week, citing long-term concerns linked to the rise of quantum computing.

According to the report released by Jefferies, the 10 per cent Bitcoin allocation will be reallocated equally, with 5 per cent going to gold and the remaining 5 per cent to gold-mining stocks.

The Greed & Fear note clarified that it does not believe the "quantum issue" will cause a dramatic fall in Bitcoin prices in the near term.

However, it stressed that from the perspective of a long-term pension portfolio, the idea of Bitcoin as a reliable store of value is no...