European Central Bank (ECB) president and prominent Bitcoin (BTC) critic Christine Lagarde has shared a household story about unsuccessful cryptocurrency investments, according to some report from Reuters.
Lagarde told students in a town hall in Frankfurt on November. 24 that her boy lost “almost all” of his investments in crypto assets despite persistent warnings, Reuters reported.
“He overlooked me royally, that is his privilege,” Lagarde apparently declared, adding he lost “almost the money he’d invested.”
The ECB chief didn’t disclose the sum her boy lost, noting he claimed it was not “a lot,” only “about 60%” of his crypto investments. “So after i then had another talk to him about this, he unwillingly recognized which i was right,” Lagarde apparently mentioned, adding:
“I have, as you have seen, a really low opinion of cryptos […] People can invest their cash where they need, people can speculate around they need, (but) people shouldn’t be liberated to take part in criminally sanctioned trade and companies.”
Lagarde is famous within the cryptocurrency community on her anti-crypto stance. In 2022, the ECB chief contended that cryptocurrencies are “worth nothing” since the assets are “based on nothing.” In 2021, the ECB president also predicted that central banks worldwide wouldn’t be holding Bitcoin in the near future.
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While criticizing cryptocurrencies like Bitcoin, Lagarde has become a significant fan of the idea of the central bank digital currency. In April 2023, Lagarde accepted that the potential digital euro could be utilized in a “limited” way to manage day-to-day payments.
This can be a developing story, and additional information is going to be added because it opens up.
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