European Central Bank president and Bitcoin critic Christine Lagarde has admitted she has a son who has invested in cryptocurrencies.
Yet, Lagarde still says she wouldn’t touch digital assets.
On the Dutch program College Tour, Largarde was asked by an audience member if she owned any crypto.
“No, I don’t [have any crypto] because I want to practice what I preach,” she said. “I actually have a son who invested in crypto—I follow very carefully.”
The audience member then asked, “And what have you taken away from that?” Lagarde responded: “That I would not put my finger in there.”
Lagarde is a fierce critic of Bitcoin and cryptocurrencies.
Just this week, Lagarde, a fierce critic of Bitcoin and Cryptocurrencies, said that Cryptocurrencies were “worth nothing.”
“It’s based on nothing. There is no underlying asset to act as an anchor of safety,” Lagarde added. “I’ve said all along that crypto assets are highly speculative, highly risky assets.”
But Lagarde is very enthusiastic about centralized cryptocurrencies—namely central bank digital currencies (CBDCs).
A CBDC is a digital form of fiat money, like the US dollar or euro, and many nations around the world are in different stages of researching and releasing them.
