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Venture capitalist: Bitcoin developers need to address the quantum computing threat promptly to avoid being taken over by institutions
Mars Finance News: According to Cointelegraph, venture capitalist Nic Carter stated on a podcast that the long-term inaction of Bitcoin developers regarding the potential threat of quantum computing to Bitcoin could lead large institutions holding significant amounts of Bitcoin, such as BlackRock, to become dissatisfied, ultimately triggering “institutional takeover.” Nic Carter warned that institutions will not tolerate the Bitcoin core security issues being ignored for long. “If developers continue to do nothing, institutions will lose patience, dismiss the current developers, and replace them with new ones.”