[Jefferies Global Head of Equity Strategy Sells All Bitcoin Holdings, Increases Allocation to Gold and Gold Mining Stocks] According to Golden Finance, Christopher Wood, the Global Head of Equity Strategy at Jefferies, recently announced that he has completely removed Bitcoin holdings from his long-term annuity model portfolio. Half of the proceeds have been reallocated to physical gold, while the other half has been allocated to gold mining stocks. Christopher Wood, a Wall Street strategist who has been a long-term advocate for cryptocurrencies, made this portfolio adjustment in the January 15, 2026, issue of the 'Greed & Fear' report. The 'Greed & Fear' long-term investment portfolio, established at the end of Q3 2002, has always been positioned to hedge against U.S. dollar depreciation. Initially, it allocated 5% to gold and 10% to unhedged gold mining stocks. Subsequently, in Q2 2013, the allocations to gold and gold mining stocks were increased to 50% and 20%, respectively, and this position was maintained until December 2020.