Nic Carter Warns: If Current Bitcoin Developers Fail to Address Quantum Risk, Institutions May Step In to Take Over Bitcoin Development

Odaily News Risk investor Nic Carter stated on Thursday's Bits and Bips podcast that if Bitcoin developers cannot swiftly address the risks posed by quantum computing, large institutions may lose patience and replace the Bitcoin protocol development team, potentially leading to a "corporate takeover" of Bitcoin. He pointed out that institutions like BlackRock, which manage tens of billions of dollars in Bitcoin assets, would be compelled to take action if the issue remains unresolved for an extended period. According to data, BlackRock currently holds approximately 761,801 BTC (valued at around $50.15 billion), accounting for 3.62% of the total supply. Carter believes developers are currently being too passive on this matter. However, Ram Ahluwahlia, founder of Lumida Wealth Management, expressed a different view, suggesting that major institutions are "passive" investors in the Bitcoin network rather than aggressive actors. Additionally, figures like Michael Saylor believe the quantum threat is exaggerated. (Cointelegraph)