Share this article
Jefferies’ Wood Urges Banks to Embrace Blockchain, Add More Bitcoin Exposure
The Jefferies strategist is “fundamentally bullish” on crypto and added another 5% exposure to his current bitcoin allocation recommendation.
Updated May 11, 2023, 7:06 p.m. Published Nov 4, 2021, 6:25 p.m.
Banks should focus on blockchain technology and investors should increase their bitcoin holdings while trimming gold exposure, according to Jefferies Global Head of Equity Strategy Christopher Wood.
- “This concept of how [blockchain] has begun to eat conventional finance is why all banks should be focused on the technology to see how to try and profit from it rather than to wait and be disrupted by it,” Wood said in a note on Thursday.
- The analyst also noted that if blockchain technology disrupts the conventional finance sector by eliminating the need for intermediaries, it can also potentially trigger the end of the “dollar paper standard.”
- Wood said he will be adding another 5% to his bitcoin exposure, bringing it to 10%, while cutting 5% exposure to gold in his global, long-only asset allocation portfolio recommendation for his U.S.-dollar-based pension funds.
- His portfolio recommendation currently has 40% gold, 30% Asia (excludingJapan) equities, 20% unhedged gold mining stocks and 10% bitcoin exposure.
- Wood is not putting ethereum in the fund portfolio, however, because he doesn’t think it is a “store of value” asset. However, he expects the second-largest cryptocurrency by market value to outperform bitcoin in the coming months.
Read More: Jefferies’ Wood Cuts Gold Exposure in Favor of New Position in Bitcoin
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Di più per voi
Cosa sapere:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Turkey's Paribu Buys CoinMENA in $240M Deal, Expanding Into High-Growth Crypto Markets
With the acquisition, Paribu gains regulatory foothold in Bahrain and Dubai and access to the region's fast-growing crypto user base.
What to know:
- Paribu acquires Bahrain- and Dubai-based CoinMENA for up to $240 million.
- Deal marks Turkey’s biggest fintech acquisition and first international crypto M&A, the firm said.
- The move taps into the MENA region’s fast-growing crypto user base and supportive regulatory hubs.
Top Stories
