Ledger CEO: The collapse of banks is a ‘crash course to Bitcoin’ | PBW 2023
Ledger CEO Pascal Gauthier said that anyone trying to centralize crypto will fail, saying that centralization and crypto are "two magnets that’s just not going to stick together." The collapse of major banks highlights the need for Bitcoin (BTC) and self-custody according to Pascal Gauthier, the CEO and Chairman of hardware wallet provider Ledger. In an interview with Cointelegraph reporter Joseph Hall at the Paris Blockchain Week, Gauthier spoke about how recent events show how BTC can be a safe haven against the threat of central authorities. He explained that: “Bitcoin was designed in reaction to Lehman Brothers in the 2008 crisis. It was designed because you can't trust central authorities. And, it's designed because it's clear that central authorities will fail. It's not a question of if. It's more a question of when.” According to Gauthier, whenever incidents like Celsius, FTX and bank collapses happen, people, flock to self-custody and to crypto...