Jefferies Group ($440B Asset Manager) Dumps Gold, Buys More Bitcoin: Here's Why
Is Bitcoin replacing gold as the new safe haven asset? Jefferies Group, a leading $440 billion asset manager, is signaling a shift in investment strategy, further fueling this debate. Reports indicate Jefferies is selling off gold holdings to increase its exposure to Bitcoin.
Christopher Wood, the global head of equity strategy at Jefferies Group, is leading this charge. He has significantly reduced exposure to gold in his Asia ex-Japan portfolio, diverting those funds into Bitcoin. This move underscores a growing trend among investors seeking alternative stores of value in the face of economic uncertainty.
Jefferies Trims Gold for Bitcoin: A Sign of the Times?
This isn't the first time Jefferies has ventured into the cryptocurrency space. According to reports, they initially invested in Bitcoin in December 2025, but this recent decision signals a renewed and increased confidence in the digital asset's potential. Jefferies trims exposure to gold for the first time in years in favour of bitcoin (BTC). This recent purchase comes after Wood shared his bullish outlook on Bitcoin back in April.
Specifically, Christopher Wood has reportedly trimmed his portfolio's gold holdings to make room for Bitcoin. The exposure to gold is currently down by five percentage points in favor of Bitcoin, showing a substantial shift. He had previously written about maintaining a significant percentage in physical gold, but now appears to be adjusting his strategy based on Bitcoin's performance and perceived value.
What Does This Mean for Bitcoin and Gold?
Selling gold for Bitcoin (BTC) appears to be the new strategy among some investors. This move by a major player like Jefferies validates Bitcoin's growing legitimacy as an investment asset. While gold has historically been a go-to safe haven, Bitcoin's increasing adoption and limited supply are making it an attractive alternative. The Jefferies, a $440 billion asset manager, has sold it's gold position to buy Bitcoin.
The firm, which managed $51 billion in assets as of Q3 2025, is reportedly converting some of its gold holdings in its long-only global portfolio for US dollar-denominated Bitcoin. The Global Head of Equity at Jefferies (NYSE: JEF), Christopher Wood, has joined the group of investors that are ditching gold for more Bitcoin exposure. He has reduced Investment firm Jefferies trims exposure to gold for the first time in years in favour of bitcoin (BTC). According to a report by Business Standard, Chris Wood, global head