Bitcoin might be down but interest in crypto and NFTs is here to stay: Ledger CEO

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The future of crypto is very bright. This is according to Ledger CEO Pascal Gauthier, who sat down for a tete-a-tete with Cointelegraph in his home country, France. Gauthier, who entered his eighth year working at Ledger, pointed out that the recent downward price action in bitcoin has not brought interest in the crypto to a standstill:

“Bitcoin may be down, but people are buying NFTs and you know, they are participating in communities.”

Gauthier offered his opinion while sitting in front of the door of the Biarritz Grand Casino, home of Surfin Bitcoin, France’s largest bitcoin conference. The conference was a bitcoin maxi-style affair where royalty and bitcoin enthusiasts worked side by side to drive bitcoin adoption in France.

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Commenting on the “religious war of bitcoin maxis against the rest of the world”, Gauthier explained that this is an appropriate question for the product. While competition is good because it fosters innovation, it is also a question of use case: “It is also interesting to see people just use the product. And when they use the product, they use bitcoin and sometimes they use other things.”

In response to the crypto transition, in which Hodlonaut, Zipmex, Wald, and countless other exchanges experienced difficulty managing—or freezing—customer funds, Gauthier told Cointelegraph that the sale of Ledger is “the way up.” Gauthier lamented that sales growth was bitter because people would have to learn the “hard way”. During the interview, he gave a stern warning about the importance of having a key.

However, on a lighter note, Gauthier is optimistic and hopeful for the future of crypto. From the metaverse to crypto gaming, to more involvement in Web 3 technology, Gauthier admits it’s early days for the space, but that a lot of things in the future will make him “Wow!”