Nic Carter warns: If existing Bitcoin developers do not address the quantum risk, institutions may step in and take over Bitcoin development.

Venture capitalist Nic Carter stated on Thursday's Bits and Bips podcast that if Bitcoin developers fail to address the risks posed by quantum computing quickly, large institutions may lose patience and replace the Bitcoin protocol development team, leading to a "corporate takeover" of Bitcoin. He pointed out that institutions like BlackRock, which manage tens of billions of dollars in Bitcoin assets, will have to take action if the problems remain unresolved for an extended period. According to data, BlackRock currently holds approximately 761,801 BTC (worth about $50.15 billion), representing 3.62% of the total supply. Carter believes that developers are currently being overly passive. However, Ram Ahluwahlia, founder of Lumida Wealth Management, expressed a different view, arguing that major institutions are "passive" investors rather than activists regarding the Bitcoin network. Furthermore, Michael Saylor and others believe the quantum threat has been exaggerated. (Cointelegraph)