“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,” said Frederik Gregaard, CEO of the Cardano Foundation, during 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 organization took to the stage to discuss AI, blockchain, and the new economy. He also 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,” said CEO of the Cardano Foundation.
“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 Foundation is putting their finances 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
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“Is there a way we can disrupt Wall Street?”
Talking about Bitcoin he said, “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 explained.
“However, we are not that close to what we wanted to do with Bitcoin, right?,” asked Gregaard. “We wanted to do more than that.”
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“We are now standing on the precipice of something much larger than blockchain and Bitcoin”
“We will be dominated by AI,” said 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 pointed out that Gold has become even more dominant in the last 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.”
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Key Takeaways
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Cardano CEO talks about the lack of trust 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.”
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“Our P&L and balance sheet are on the blockchain. Next, we’re putting all accounting and finance info on-chain too,” said CEO of the Cardano Foundation.
The post Cardano CEO Talks About Bitcoin Potential, Says, “We Are Not Letting Go Of Wall Street, And That’s A Shame” appeared first on 99Bitcoins.
