Cardano CEO Talks About Bitcoin Potential, Says, “We Are Not Letting Go Of Wall Street, And That’s A Shame”

“Wall Street is creeping in on us again, right? It’s sort of coming back. We’re not really letting go of it. And I think that’s a really big shame,” stated Frederik Gregaard, CEO of the Cardano Basis, throughout the Paris Blockchain Week on 10 April 2025. “It’s definitely not where I want to go,” Gregaard insisted. “The idea of Bitcoin was for the average person to get economic opportunities and to participate in a world which we were 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 balance sheet are on the blockchain. Next, we’re putting all accounting and finance info on-chain too,” stated CEO of the Cardano Basis.

“I spent some hours at the Ministry of Finance and Economy yesterday to speak with policymakers and regulators about MiCA,” he added. “Certainly most of us here in Paris and Europe, we feel MiCA is coming quite fast, maybe a little bit too fast.”

Cardano Basis is placing their funds on-chain.

“Our P&L and balance sheet are on the blockchain. Next, we’re putting all accounting and finance info on-chain too.”

From @F_Gregaard at @ParisBlockWeek pic.twitter.com/pTarBuLEHy

— Cardanians (CRDN) (@Cardanians_io) April 11, 2025

Discover: Ripple Quashes IPO Rumours At Paris Blockchain Week

“Is there a way we can disrupt Wall Street?”

Speaking about Bitcoin he stated, “Granted I was a little late to the party. 2014-15 is not sort of early adopter-ish, right? We thought about this opportunity (Bitcoin) because there’s a lot of people who don’t have access to financial markets, who don’t have access to technology, who don’t have a passport or a national identity. The banks basically control a lot of the access.”

“When we thought about the idea of Bitcoin – that you could actually move money from A to B without anybody stopping you and claiming ownership of your own assets. That was really cool. The second generation of blockchain was really about – is there a way we can disrupt Wall Street? The power of Wall Street is actually closer to the internet. Power of Wall Street is – I decide who you are going to invest in. And I can do that in two ways. The first way I can say – you will not be listed on my exchange, or you will not be listed in my bank. You will not at all be on the marketplace because they (the Wall Street) control the marketplace. The second thing they do is they direct liquidity. And Ethereum did extremely well in basically disrupting that model,” he defined.

“However, we are not that close to what we wanted to do with Bitcoin, right?,” requested Gregaard. “We wanted to do more than that.”

Discover: Finest New Cryptocurrencies to Put money into 2025

“We are now standing on the precipice of something much larger than blockchain and Bitcoin”

“We will be dominated by AI,” stated Cardano CEO. “The question is, what are we going to do about it? Are we going to wear the pants, or is AI going to wear the pants together with one or two people who then decide the fate of humanity and the world?”

he identified that Gold has turn into much more dominant within the final week. “Then we see Apple, we see Microsoft, we see a couple of companies, right? And then we see Bitcoin coming at 1.6 trillion and I would love to have Cardano up there,” he added. “But when when you kind of look at that landscape, the large question is, some of those companies, they employee thousands of people, and they’re going to be replaced by AI. And we don’t really have a way to control AI yet.”

DISCOVER: 20+ Subsequent Crypto to Explode in 2025

Key Takeaways

Cardano CEO talks in regards to the lack of belief in globalization. “I mean, you’ve been living through the last two weeks. I think a lot of us are asking questions about institutions and government.”