According to Cointelegraph, venture capitalist Nic Carter stated in a podcast that Bitcoin developers' long-term inaction regarding the potential threat of quantum computing to Bitcoin could lead to dissatisfaction among large institutions holding significant amounts of Bitcoin, such as BlackRock, ultimately triggering an "institutional takeover." Nic Carter warned that institutions will not tolerate the prolonged neglect of Bitcoin's core security issues. "If developers continue to do nothing, institutions will lose patience, fire the existing developers, and replace them with new ones."