ECB head Christine Lagarde just revealed her biggest L: her 30-something son YOLO'd into crypto despite her constant warnings. Dude lost 60% of his portfolio. "He ignored me royally," Lagarde said at a Frankfurt town hall, adding he "lost almost all the money." Plot twist? Her son finally admitted mom was right after taking the losses.
Lagarde remains a hardcore Bitcoin skeptic, calling crypto a "highly speculative asset" used in money laundering. She's got a "very low opinion" of all digital assets but respects people's freedom to gamble their own money.
Meanwhile, she's all in on the digital euro. The ECB's CBDC project just entered the 2-year prep phase. Classic move: trash Bitcoin while pushing her own digital currency.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
ECB head Christine Lagarde just revealed her biggest L: her 30-something son YOLO'd into crypto despite her constant warnings. Dude lost 60% of his portfolio. "He ignored me royally," Lagarde said at a Frankfurt town hall, adding he "lost almost all the money." Plot twist? Her son finally admitted mom was right after taking the losses.
Lagarde remains a hardcore Bitcoin skeptic, calling crypto a "highly speculative asset" used in money laundering. She's got a "very low opinion" of all digital assets but respects people's freedom to gamble their own money.
Meanwhile, she's all in on the digital euro. The ECB's CBDC project just entered the 2-year prep phase. Classic move: trash Bitcoin while pushing her own digital currency.