Nic Carter: Bitcoin's quantum resistance lag could be a catalyst for Ethereum's price increase.
CoinFeed reported on March 26th, citing Cointelegraph, that Nic Carter, founding partner of Castle Island Ventures, stated that Bitcoin's lag in quantum resistance could be a bullish reason for Ethereum. Carter stated that elliptic curve cryptography is nearing obsolescence, and blockchain developers need to accept the necessity of cryptographic variability. He pointed out that Bitcoin developers are "blind" to the quantum resistance problem, while Ethereum developers have made it a "top strategic priority" and have developed a detailed quantum-resistant roadmap. Carter believes that unless Bitcoin changes rapidly, ETH/BTC will begin to reflect this difference in priority. Previously, ARK Invest reported that about one-third of Bitcoin faces a quantum threat, but this is a long-term risk.