Jefferies drops 10% Bitcoin on Jan. 16 over quantum risk; ARK stresses low correlations

On Jan. 16, Jefferies' Christopher Wood removed a 10% Bitcoin allocation, citing quantum-computing tail risk. In contrast, ARK Invest's Cathie Wood points to weak correlations, with ARK reporting 0.14 versus gold and 0.06 versus bonds. Grayscale calls quantum fears a 2026 "red herring," while Bitwise's Andre Dragosch highlights today's vast computational gap.