Former U.S. Securities and Exchange Commission (SEC) official John Reed Stark has warned that the cryptocurrency industry faces a “ticking clock” due to rapid advances in quantum computing.

Stark claimed that two recent developments should concern “every financial professional” and particularly long-term Bitcoin holders.

According to the former SEC enforcement attorney, quantum computing progress could create significant future risks due to crypto’s integration into traditional finance.

In his post, Start pointed to two recent events. The first involved IBM CEO Arvind Krishna, who recently told CNBC’s Jim Cramer that within “3-4 years, we should all be ‘rather paranoid'” about the quantum threat.

The second was the publication of an…