Major institutions holding Bitcoin could soon lose patience with developers if they do not swiftly tackle the risks posed by quantum computing, warns venture capitalist Nic Carter.

Carter mentioned, “I think the big institutions that now exist in Bitcoin will get fed up and replace the developers with new ones.” He urged urgency in implementing quantum-resistant cryptography, or risk a “corporate takeover.”

BlackRock, the largest asset manager globally, possesses approximately 761,801 Bitcoin, valued around $50.15 billion, representing about 3.62% of Bitcoin’s total supply. Carter insisted that the lack of action may lead to dire consequences for Bitcoin’s integrity.

Austin Campbell from Zero Knowledge Consulting voiced similar concerns, stating that necessary discussions around quantum issues are inevitable as the situation unfolds.

Carter, who has recently been vocal about these threats, previously remarked that Bitcoin’s price underperformance is linked to quantum risks, calling it the “only narrative that matters this year.”

Conversely, Ram Ahluwahlia of Lumida Wealth Management believes institutions are generally passive givers rather than active influencers within the network.

This ongoing debate reveals a divide within the industry concerning the urgency of addressing quantum risk as some experts consider it an imminent threat while others remain skeptical.