[Breaking] Wall Street boss clears Bitcoin All In gold! Can quantum computing really kill the encryption empire?

In January 2026, Christopher Wood, a well-known Wall Street strategist, made a shocking decision: to liquidate all Bitcoin positions from his flagship investment portfolio and instead increase his holdings in physical gold and gold mining stocks. The core motivation for this move is concerns about the existential risks of "quantum computing." Wood believes that once quantum computers mature, their powerful computing power may use the Shor algorithm to crack the elliptic curve encryption (ECDSA) that Bitcoin relies on, thus shaking its fundamental foundation as a store of value. Theoretical threats are spawning practical risk assessments. Research shows that about 20%-50% of the Bitcoins on the entire network face the risk of future attacks of "collect now, decrypt later" because their public keys have been exposed on the blockchain (such as early P2PK addresses, used change addresses), with a corresponding value of hundreds of billions of dollars. The cryptocurrency community has been divided in their response. One party, such as Blockstream CEO Adam Back, believes that the threat is at least 10-30 years away, and Bitcoin has enough time to upgrade to quantum-resistant algorithms through soft forks. The other side warned that progress may be faster than expected, and that the long-term risk aversion mentality of institutional investors has begun to change. Meanwhile, the gold narrative is gaining traction again. Against the macro backdrop of geopolitical uncertainty, continued gold purchases by central banks, and challenges to the credibility of the U.S. dollar, gold, as a physical asset that does not rely on any digital protocol, has once again highlighted its "ultimate hedging" attribute. The market reaction was subtle, with Bitcoin prices fluctuating in the short term but not collapsing, and gold assets receiving capital inflows. The incident marked an inflection point: the investment community began to seriously price in the "post-quantum era." For investors, it has become more important than ever to diversify allocations, pay attention to protocol upgrade progress, and incorporate technology evolution risks into a long-term investment framework.