Even Christine Lagarde's Son Doesn't Listen to Her Warnings About Crypto - Aliens: AI Crypto News & Markets Updates
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Even Christine Lagarde's Son Doesn't Listen to Her Warnings About Crypto

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Cryptonews

Mon, May 23, 2022

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One student answered that he had lost some USD 7,420 in a cardano (ADA) investment, to which Lagarde replied: “That hurts.” Per De Telegraaf and Bloomberg, the ECB chief further stated: “What worries me about crypto is that people who don’t realize they can lose everything are investing in it.

That’s why I think it should be regulated.” But there was a twist to Lagarde’s cautionary tale, as the ECB head said that she does “follow” the fate of crypto “very carefully” – as her son bucked her advice and invested in tokens, adding: “He’s a free man.” Lagarde denied owning coins herself, though, explaining that she wanted to “practice what I preach.” She further expanded that her “very humble assessment” is that crypto was “worth nothing,” was “based on nothing,” and added: “There is no underlying asset to act as an anchor of safety.” She went on to speak of the EU’s own plans to launch a central bank digital currency ( CBDC ) for the economic bloc – a digital euro.

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