Ledger CEO: The collapse of banks is a ‘crash course to Bitcoin’

The collapse of major banks highlights the need for Bitcoin (

When asked if traditional brands coming into Web3 can potentially become a threat to the decentralization of crypto, Gauthier expressed confidence that this will not happen. He said:

“If this happens, then crypto is dead and then we move on to the next thing. I mean, it’s either crypto will be decentralized or will not be. And all these brands actually do understand this.”

According to the Ledger CEO, brands were able to learn a lesson from Facebook’s failure to respect the ethos of crypto which is decentralization. “We’ve seen the movie now, you know, they [Facebook] failed because they didn’t respect some of the fundamental principles of what crypto is,” he said. He added that anyone trying to centralize crypto is destined to fail. According to Gauthier, these are “two magnets that’s just not going to stick together.”

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