1 year ago
European Central Bank main Christine Lagarde reportedly said her lad ignored warnings against crypto investments and mislaid “about 60%” of his money.
European Central Bank (ECB) president and salient Bitcoin (BTC) professional Christine Lagarde has shared a household communicative astir unsuccessful cryptocurrency investments, according to a study from Reuters.
Lagarde told students astatine a municipality hallway successful Frankfurt connected Nov. 24 that her lad mislaid “almost all” of his investments successful crypto assets, contempt persistent warnings, Reuters reported.
“He ignored maine royally, which is his privilege,” Lagarde reportedly declared, adding that helium mislaid “almost each the wealth helium had invested.”
The ECB main didn’t disclose the sum her lad lost, noting that helium claimed it wasn't “a lot,” but lone “about 60%” of his crypto investments. “So erstwhile I past had different speech with him astir it, helium reluctantly accepted that I was right,” Lagarde reportedly stated, adding:
“I have, arsenic you tin tell, a precise debased sentiment of cryptos [...] People are escaped to put their wealth wherever they want, radical are escaped to speculate arsenic overmuch arsenic they want, (but) radical should not beryllium escaped to enactment successful criminally sanctioned commercialized and businesses."Lagarde is known successful the cryptocurrency assemblage for her anti-crypto stance. In 2022, the ECB main argued that cryptocurrencies are “worth nothing” due to the fact that the assets are “based connected nothing.” In 2021, the ECB president besides predicted that central banks worldwide would not beryllium holding Bitcoin anytime soon.
Related: European regulator: CASPs should enactment connected protocol interoperability, self-hosted wallets
While criticizing cryptocurrencies similar Bitcoin, Lagarde has emerged arsenic a large instrumentality of the conception of the cardinal slope integer currency (CBDC). In April 2023, Lagarde admitted that a imaginable integer euro would beryllium utilized successful a “limited” mode to power day-to-day payments.
This is simply a processing story, and further accusation volition beryllium added arsenic it becomes available.
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