Jefferies’ global equity strategist, Chris Wood, has expressed serious concerns about Bitcoin’s future, citing the potential threat posed by quantum computing. He has shifted his portfolio away from Bitcoin towards gold and gold-mining stocks, fearing that advanced quantum computers could compromise Bitcoin’s security. The digital asset community is actively discussing solutions to safeguard against this emerging risk.
India’s long-term growth story intact despite high valuations: Citigroup CEO Jane Fraser
India’s economy faces temporary global challenges. Citigroup CEO Jane Fraser states the nation’s strong tech talent and diverse economy ensure its long-term growth. Foreign investors