Major Bitcoin-holding institutions, like BlackRock, may lose patience with developers over quantum computing concerns. Venture capitalist Nic Carter warns of a possible “corporate takeover” if the issues aren’t addressed. BlackRock holds roughly $50.15 billion worth of Bitcoin, around 3.62% of the total supply, heightening the urgency for action.

Carter emphasizes the need for Bitcoin developers to implement quantum-resistant cryptography to prevent a corporate takeover. He warns that institutions with large holdings, like BlackRock, may eventually demand action. Other industry experts are split on the urgency of the quantum risk to Bitcoin, with some calling for immediate upgrades for network security.

Despite warnings from experts like Carter about quantum computing threats, not all industry figures agree on the urgency. Some, like Lumida Wealth Management founder Ram Ahluwahlia, believe that institutions in Bitcoin are passive investors and unlikely to influence the network. The debate continues amid differing views on the potential impact of quantum threats to Bitcoin.

Read more at Cointelegraph: Bitcoin Devs’ Inaction on Quantum Will Frustrate Institutions: VC