Venture capitalist Nic Carter stated that institutions holding large amounts of Bitcoin will lose patience with Bitcoin developers for not addressing quantum computing threats quickly enough. On the Bits and Bips podcast’inde, he expressed that institutions like BlackRock could fire the developers and bring in new ones, potentially leading to a successful corporate takeover. BlackRock, as the world’s largest asset manager, holds approximately 761.801 BTC, which accounts for 3,62% of the total supply and is worth 50,15 billion dollars. Bitcoin is currently trading at 70.378 dollars, up 2,12% in 24 hours but down 26,25% over the last 30 days.
Source: Cointelegraph
Nic Carter and Experts Discuss Quantum Threat
Zero Knowledge Consulting founder Austin Campbell expressed a similar view. Capriole Investments founder Charles Edwards sees quantum computing as an existential threat, while CoinShares researcher Christopher Bendiksen argued that only 10.230 BTC is vulnerable. Names like Michael Saylor and Adam Back think the threat is exaggerated. The industry is divided on the urgency of the quantum risk.
Bitcoin Technical Analysis: Strong Supports and Bearish Signals
Bitcoin RSI at 38,52 is approaching the oversold region, the trend is downtrend but Supertrend is giving a bearish signal. EMA 20: 73.905$. Supports: S1 70.093$ (strong, 74% score), S2 65.415$ (71%). Resistances: R1 71.249$ (82% strong), R2 74.263$. Visit our BTC detailed analysis page for detailed charts. For futures trading, BTC futures.
Breaking News: Bitcoin Weekly Chart Turns Positive
Bitcoin’s weekly candlestick chart has turned positive, rising 8% from its lowest level with 1 day 12 hours to weekly close. This could signal a recovery despite the corporate pressure discussions.
Multiple Crypto ETF Options Listed on NYSE
NYSE American has approved the listing of options on ETFs based on commodity-based funds and containing multiple crypto assets. As giants like BlackRock increase their Bitcoin dominance, this development could expand institutional interest and accelerate takeover scenarios.
Source: https://en.coinotag.com/nic-carter-blackrock-could-fire-bitcoin-developers