Real Vision crypto market analyst Jamie Coutts said via X, "Institutions currently hold 17.3% of the Bitcoin circulating supply, a sharp increase from 1.6% in 2020. As the supply becomes more concentrated among institutions, their influence on the network's direction is expanding. So far, the only major institution to clearly state its position on quantum defense policy is MicroStrategy (MSTR) founder Michael Saylor, who believes in 'investigating but reserving immediate action.' Fidelity, Galaxy, and Gemini have not yet announced quantum migration policies. Coinbase today released a position paper supporting BIP-360 (which introduces a wallet format strongly resistant to quantum computing attacks, enabling voluntary migration) but remained silent on BIP-361 (proactive freezing of vulnerable BTC). As some large custodial institutions begin to move, it will be difficult for other institutions to avoid stating their positions, and the Satoshi Coin governance issue, a core issue directly related to the network's survival, is likely to see the debate intensify."
