2023-11-25 13:41:54
This will not change Christine Lagarde’s negative opinion on cryptocurrencies. The president of the European Central Bank (ECB) admitted this Friday that one of her sons had “almost” lost his entire investment in crypto assets, as reported by the news agency Archyde.com. “He royally ignored me, which is his right,” said Christine Lagarde, who claims to have advised him on numerous occasions once morest making such investments.
The former managing director of the International Monetary Fund (IMF) did not say which of her two sons – both in their thirties – was affected. “When I had a discussion with him regarding this, he reluctantly admitted that I was right,” said Christine Lagarde. According to the latter, her son did not lose a large sum, but it represents “around 60%” of what he had invested. Christine Lagarde has been denouncing the speculative side of cryptocurrencies for some time, of which Bitcoin (BTC) remains the best known.
On November 1, the ECB launched the preparatory phase of its digital and dematerialized euro. This aims in particular to compensate for the gradual decline in the use of cash, which only represented 42% of transactions in value in the euro zone last year. This currency – which also aims to compete with cryptocurrencies – should not be accessible to the general public before 2026, as mentioned when the launch of the digital euro was announced in July 2021.
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