Welcome to the US Crypto News Morning Briefing – your essential overview of key crypto developments for the day ahead.
Grab a coffee – because this isn't about price charts, ETF flows or the narrative in regards to the next halving. At stake is something way more uncomfortable: whether Bitcoin, because it exists today, is built to last.
Crypto News of the Day: Why One of Wall Street's Biggest Bitcoin Bulls Just Walked Away
A quiet but momentous shift is happening in institutional crypto pondering. Christopher Wood, global head of equity strategy at Jefferies and certainly one of Wall Street's most followed market strategists, has completely removed Bitcoin from his flagship model portfolio.
Jeffries' executive didn’t cite price volatility, but as an alternative expressed doubts in regards to the asset's long-term durability.
Wood cut a ten% Bitcoin allocation from Jefferies' model portfolio and split it evenly between physical gold and gold mining stocks.
The decision was specified by the most recent edition of his Greed & Fear newsletter, by which Wood noted the long-term threat that advances in quantum computing pose to Bitcoin's security and store of value thesis.
“The once-distant threat of quantum computing has caused one of the vital closely watched market strategists to show away from Bitcoin,” Bloomberg reported, citing Wood within the newsletter, emphasizing that theoretical risk is now making its way into mainstream portfolio construction.
Wood was certainly one of Bitcoin's early institutional backers, first adding the asset to his model portfolio in December 2020, amid pandemic-era economic stimulus and fears of currency devaluation.
He later increased the exposure to 10% in 2021. Notably, Bitcoin has since increased by around 325% since its initial allocation, in comparison with gold's 145% gain. Regardless, Wood says it's not about performance.
In his view, quantum computing weakens the argument that Bitcoin can act as a reliable, decades-long store of value, particularly for long-term fixed income investors.
“There is growing concern within the Bitcoin community that quantum computing could also be just a couple of years away, moderately than a decade or more,” Wood wrote.
In fact, Bitcoin's security relies on cryptographic systems that make it virtually inconceivable for today's computers to derive private keys from public keys.
However, cryptographically relevant quantum computers (CRQCs) could destroy this asymmetry. This could allow attackers to reverse engineer private keys inside hours or days.
Quantum risk, governance and the institutional rethinking of Bitcoin
The debate reveals a growing divide between capital allocators and developers. Nic Carter, partner at Castle Island Ventures, captured this tension in a post in December.
The discrepancy between capital and developers on this issue is big. Capital is fearful and on the lookout for an answer. For probably the most part, developers are in complete denial about this. The inability to even acknowledge quantum risk is already weighing on the worth.
— Nic Carter (@nic_carter) December 18, 2025
Yet governance is at the center of the issue. Proposed solutions, including burning quantum-vulnerable coins or forcing a migration to post-quantum cryptography, raise uncomfortable questions on property rights and rule changes.
The crypto community is debating the threat quantum computing poses to the blockchain, particularly to Bitcoin.
I'll explain to you what the threat is.
Modern blockchains are based on asymmetric cryptography.
The following principles apply:
A non-public secret’s a secret number… pic.twitter.com/0DUQkSWfx4
– Cardano YOD₳ (@JaromirTesar) December 22, 2025
Jefferies noted that while Bitcoin has seen forks before, confiscating or invalidating coins could undermine the very principles that give the network credibility.
Jefferies also highlighted that a big portion of Bitcoin's supply may very well be vulnerable in a quantum scenario. This includes:
- Satoshi-era holdings stored in pay-to-public-key (P2PK) addresses
- Lost coins and
- Addresses are reused across multiple transactions
In total, that is potentially thousands and thousands of BTC.
Recent evaluation from Coinbase has confirmed a few of these concerns. David Duong, head of investment research at Coinbase, said quantum computing poses long-term risks that transcend private key security and will potentially impact Bitcoin's economic and security models.
While Duong emphasized that current quantum technology is way from destroying Bitcoin today, he warned that around 6.5 million BTC may very well be vulnerable to widespread quantum attacks. Therefore, the transition to post-quantum cryptography is crucial, although still years away.
Bitcoin is prone to quantum attacks on account of vulnerable addresses. Source: David Duong on LinkedIn
Meanwhile, Wood notes that the long-term questions posed by quantum computing are only long-term positives for gold. This stance relies on gold's history as a proven hedge, free from technological and governance uncertainties.
The move marks a broader shift in institutional pondering. Justin Bons, founder and CIO of Cyber Capital, claims that Bitcoin could collapse any time after 2033. However, Bons cites declining miner subsidies after the halving and low transaction fees.
BTC will collapse in 7 to 11 years!
First, the mining industry will decline as security budgets shrink
Then the attacks begin; Censorship and double editions
The core then has to extend inflation beyond 21 million, which splits the chain and that might be the tip! 
… pic.twitter.com/HqFmhW480L
— Justin Bons (@Justin_Bons) January 15, 2026
According to Justin Bons, 51 percent attacks may very well be profitable at a day by day cost of lower than $3 million, potentially enabling double spending on exchanges value billions. All of those concerns border on the safety of Bitcoin.
Chart of the day
Byte-sized alpha
Here's a roundup of other US crypto news to follow today:
- BitMine shareholders meeting marks departure from ETH representative: This is where Tom Lee sees his search next.
- Why Bitcoin has turn into a component of resistance within the Iranian economic crisis.
- Russell 2000 hits latest all-time high, raising hopes of Q1 altcoin season.
- RLUSD hits record high amid Ripple’s institutional push – but XRP lags behind.
- President Trump Plans an “Emergency Power Auction”: What That Could Mean for Bitcoin Miners.
- Nearly $3 billion value of Bitcoin and Ethereum options are expiring as markets test belief in a breakout.
Pre-market overview of crypto stocks
| Pursue | Closed from January fifteenth | Pre-launch overview |
| Strategy (MSTR) | $170.91 | 172.74 (+1.07%) |
| Coinbase (COIN) | $239.28 | $241.38 (+0.88%) |
| Galaxy Digital Holdings (GLXY) | $31.99 | $32.21 (+0.69%) |
| MARA Holdings (MARA) | $10.66 | $10.74 (+0.75%) |
| Riot Platforms (RIOT) | $16.57 | $16.76 (+1.15%) |
| Nuclear Science (CORZ) | $18.08 | $18.25 (+0.94%) |
Open Race for the Crypto Stock Market: Google Finance
The post One of Wall Street's top strategists not trusts Bitcoin | US Crypto News appeared first on BeInCrypto.
Article source: beincrypto.com
The post One of Wall Street's top strategists not trusts Bitcoin | US Crypto News appeared first on Crypto Adventure.
