“Wall Road is creeping in on us once more, proper? It’s type of coming again. We’re probably not letting go of it. And I believe that’s a extremely massive disgrace,” mentioned Frederik Gregaard, CEO of the Cardano Basis, in the course of the Paris Blockchain Week on 10 April 2025. “It’s undoubtedly not the place I need to go,” Gregaard insisted. “The thought of Bitcoin was for the common particular person to get financial alternatives and to take part in a world which we have been blocked out of.”
The CEO of the Swiss-based non-profit group took to the stage to debate AI, blockchain, and the brand new financial system. He additionally briefly spoke about MiCA.
“Our P&L and stability sheet are on the blockchain. Subsequent, we’re placing all accounting and finance data on-chain too,” mentioned CEO of the Cardano Basis.
“I spent some hours on the Ministry of Finance and Financial system yesterday to talk with policymakers and regulators about MiCA,” he added. “Actually most of us right here in Paris and Europe, we really feel MiCA is coming fairly quick, perhaps a little bit bit too quick.”
Cardano Basis is placing their funds on-chain.
“Our P&L and stability sheet are on the blockchain. Subsequent, we’re placing all accounting and finance data on-chain too.”
From @F_Gregaard at @ParisBlockWeek
pic.twitter.com/pTarBuLEHy
— Cardanians (CRDN) (@Cardanians_io) April 11, 2025
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“Is there a manner we are able to disrupt Wall Road?”
Speaking about Bitcoin he mentioned, “Granted I used to be a little bit late to the social gathering. 2014-15 just isn’t type of early adopter-ish, proper? We thought of this chance (Bitcoin) as a result of there’s lots of people who don’t have entry to monetary markets, who don’t have entry to expertise, who don’t have a passport or a nationwide id. The banks principally management loads of the entry.”
“After we thought in regards to the concept of Bitcoin – that you may truly transfer cash from A to B with out anyone stopping you and claiming possession of your personal belongings. That was actually cool. The second technology of blockchain was actually about – is there a manner we are able to disrupt Wall Road? The facility of Wall Road is definitely nearer to the web. Energy of Wall Road is – I resolve who you’re going to put money into. And I can try this in two methods. The primary manner I can say – you’ll not be listed on my change, or you’ll not be listed in my financial institution. You’ll by no means be on {the marketplace} as a result of they (the Wall Road) management {the marketplace}. The second factor they do is that they direct liquidity. And Ethereum did extraordinarily nicely in principally disrupting that mannequin,” he defined.
“Nonetheless, we’re not that near what we needed to do with Bitcoin, proper?,” requested Gregaard. “We needed to do greater than that.”
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“We at the moment are standing on the precipice of one thing a lot bigger than blockchain and Bitcoin”
“We might be dominated by AI,” mentioned Cardano CEO. “The query is, what are we going to do about it? Are we going to put on the pants, or is AI going to put on the pants along with one or two individuals who then resolve the destiny of humanity and the world?”
he identified that Gold has develop into much more dominant within the final week. “Then we see Apple, we see Microsoft, we see a few firms, proper? After which we see Bitcoin coming at 1.6 trillion and I’d like to have Cardano up there,” he added. “However when whenever you sort of take a look at that panorama, the massive query is, a few of these firms, they worker hundreds of individuals, and so they’re going to get replaced by AI. And we don’t actually have a technique to management AI but.”
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Key Takeaways
Cardano CEO talks in regards to the lack of belief in globalization. “I imply, you’ve been residing by way of the final two weeks. I believe loads of us are asking questions on establishments and authorities.”
“Our P&L and stability sheet are on the blockchain. Subsequent, we’re placing all accounting and finance data on-chain too,” mentioned CEO of the Cardano Basis.
The submit Cardano CEO Talks About Bitcoin Potential, Says, “We Are Not Letting Go Of Wall Road, And That’s A Disgrace” appeared first on 99Bitcoins.
