"Do you agree with Gauthier's statement?"
Pascal Gauthier, Chief Executive Officer (CEO) and chairman of hardware wallet provider, Ledger stated that the recent collapse of major banks has proven the importance of Bitcoin (BTC).
During an interview at Blockchain Week Paris, Gauthier said the recent banking crisis shows how BTC can be a safe-haven from the threat of central authorities.
He added that most individuals are found to be flocking to digital assets and Ledger if there are incidents such as the collapse of crypto exchange companies Celcius, FTX including banks and pressure from the market.
Gauthier also believes that many parties have now begun to realize the true reality of banks following the crisis.
This is because the community previously strongly believed that banks could protect people's funds or be reimbursed if they went bankrupt, but now that view may change due to the widespread banking issues.
When asked if traditional brands joining Web3 could pose a threat to decentralized crypto, Gauthier confidently stated that this would not be the case at all.
Commenting further from him, giant brands should learn from the failure of Facebook which does not respect the basic principles of crypto adding that anyone who tries to turn crypto into centralized will always fail.
