© Reuters
Investing.com – The president of the European Central Bank is, like most central bankers, very critical of cryptocurrencies and cryptocurrencies in general, which she confirmed yesterday, while admitting that her own son invests in cryptocurrencies.
During an appearance on Dutch show College Tour, a member of the public asked her if she owned any cryptocurrencies. She answered :
“No I do not [possède pas de crypto] because I want to practice what I preach,” while adding, “Actually, I have a son who has invested in crypto, I follow him very carefully.”
The audience member then asked, “And what did you take away from all of this?” Lagarde replied: “That I wouldn’t put my finger in it”. She added that her son would not listen to her advice to stay away from cryptocurrencies.
“He’s a free man,” she said. “If you want to invest in it, it’s your choice.”
When asked if her son had lost money in the latest cryptocurrency downturn, Ms. Lagarde said she didn’t know.
Recall that Lagarde had affirmed earlier this week within the framework of the Davos Forum that cryptocurrencies were “not worth anything”.
“My very humble assessment is that he is […] based on nothing. There are no underlying assets to act as a security anchor,” she repeated yesterday, adding, “I have said from the start that cryptoassets are highly speculative, highly risky assets.”