Major institutional investors may lose patience with Bitcoin developers over delays in addressing quantum computing issues. This was stated by Nick Carter, a partner at Castle Island Ventures, during the Bits and Bips podcast.
Is Bitcoin headed for a corporate takeover?
ā Laura Shin (@laurashin) February 11, 2026
@nic__carter joins @ramahluwalia, @austincampbell, and @perkinscr97 on this week's Bits + Bips.
They discuss:
š¢ BlackRockās growing leverage over Bitcoin development
š The end of the VC-backed token cycle
š¤ Why AI may dwarf theā¦ pic.twitter.com/cm6ocJuqRr
āI think developers will continue to do nothing. [ā¦] Institutional investors will likely get tired of this, fire the team, and hire a new one,ā he added.
Carter drew an analogy with BlackRock, stating that the investment giant āwill have no choiceā due to the substantial funds invested in the leading cryptocurrency.
The Castle Island Ventures partner warned that if Bitcoin developers do not take urgent action to implement quantum-resistant cryptography, it could lead to a ācorporate takeoverā of the blockchain.
Austin Campbell, founder of Zero Knowledge Consulting, expressed a similar view:
āIf there is a structural problem and they have a shared vision, developers will eventually need to speak up.ā
However, Ram Ahluwalia, co-founder of Lumida Wealth Management, disagreed. He pointed out that large institutions in Bitcoin are āpassiveā investors.
Carter has repeatedly warned about the quantum threat to the leading cryptocurrency. He estimates that the potential danger is already putting pressure on the price of digital gold due to growing investor concerns.
In December 2025, Blockstream CEO Adam Back criticized the Castle Island Ventures partner for exaggerating the issue. He believes that Bitcoin developers do not deny the risks and are conducting relevant research.
Itās worth noting that analyst Willy Woo believes that in the event of a hypothetical quantum attack on Satoshi Nakamoto's wallets, āold whalesā will protect the market.