The son of the highly vocal crypto critic has entered the cryptocurrency market, despite her concerns.
The President of the European Central Bank – Christine Lagarde – reiterated her negative stance on cryptocurrencies, claiming they are “based on nothing” and should be strictly regulated. Nonetheless, she revealed that one of her sons had distributed some of his wealth into the digital asset market.Numerous central bankers have criticized the cryptocurrency sector over the past few years. The French politician and the ECB’s President – Christine Lagarde – is undoubtedly part of that club.
Unsurprisingly, Lagarde admitted not owning any cryptocurrencies, explaining, “I want to practice what I preach.” However, it seems that her advice did not stop one of her two sons from diversifying his portfolio with digital assets. “He’s a free man,” she stated. And while the politician remains skeptical of crypto, this is not the case for CBDCs. She said the ECB has plans to introduce a digital euro in the next four years as it will be a much different product than bitcoin:“The day when we have the central bank digital currency out, any digital euro, I will guarantee – so the central bank will be behind it, and I think it’s vastly different than many of those things.
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