Jefferies has fully liquidated its Bitcoin holdings in its long-term investment portfolio and reallocated 10% of its Bitcoin position to physical gold and gold mining companies. The company pointed out that quantum computing poses a survival risk and cited a study indicating that between 20% and 50% of circulating Bitcoin could eventually be affected. This reflects increasing concern among institutional investors about the long-term viability of technology rather than short-term price speculation. Other large companies, such as BlackRock, have also expressed similar quantum computing-related concerns.