A well-known investment strategy analyst recently made a major move—completely liquidating all of his Bitcoin holdings.

His reasoning is straightforward: quantum computing is advancing too quickly.

In his latest report, the analyst pointed out that the progress in quantum computing technology is undermining the fundamental logic of Bitcoin as a "reliable store of value." This risk cannot be ignored, especially for long-term investors like pension funds.

He withdrew 10% of his Bitcoin position from his portfolio model and shifted to more traditional safe-haven assets: allocating 5% to physical gold and 5% to gold mining stocks. It sounds a bit conservative, but his considerations are actually very hardcore.

The key issue here is—quantum computers could theoretically crack Bitcoin's encryption algorithms. Once a breakthrough is achieved, it could potentially reverse engineer and derive the private keys needed for authorized transfers. This is not a matter for ten years from now, but could be realized within the next few years.

"This would directly destroy Bitcoin's existence as a store of value, and would completely undermine its positioning as a digital gold alternative," he said.

Interestingly, this analyst was originally an early supporter of Bitcoin. By the end of 2020, when many countries released large-scale economic stimulus and the dollar depreciation expectations rose, he included Bitcoin in his portfolio, and by 2021, he even increased his allocation to 10%. The current adjustment, to some extent, reflects the market's reassessment of emerging technological risks.