Family crypto-dispute – Like virtually all central bankers on the planet, Christine Lagarde don’t like at all Bitcoin (BTC) and cryptocurrencies decentralized. The President of the ECB swears by a euro becoming central bank digital currency (MNBC). While Christine Lagarde once again criticized cryptos, while glorifying her MNBC, we learn that his own son happens to be a crypto investor.
Cryptocurrencies “are worthless”, central banker faith
Christine Lagarde is the former patron of the International Monetary Fund (IMF) and the current president of the European Central Bank (ECB). His criticisms of Bitcoin and decentralized crypto-assets are almost as many as his compliments for a digital eurocontrolled by the ECB of course.
During a recent interviewnotably reported by Politico, we were again entitled to an alternation criticism/praise. Criticism against cryptos first:
“I have always said that cryptocurrencies are highly speculative and very risky assets. My personal assessment is that it is worth nothing. It is not backed by anything, there are no underlying assets to act as a security anchor. »
On the other hand, on the side of the future of currencies fiat – based on the one and only trust in the issuing state -, so there, Christine Lagarde guarantees us that she will ensure (personally?) its value:
“The day we have central bank digital currency, like the digital euro, I will guarantee it. (…) So the central bank will be behind. I think it’s very different from any of those things. »
Christine Lagarde’s son prefers to bet on Bitcoin
Already, people from countries like Venezuela (undergoing hyperinflation), or the Russia (in euros frozen as economic sanctions), will perhaps be among those to tell us not to necessarily trust the “guarantee” of value announced by central bankers.
But in this case, even the son of Christine Lagarde does not seem to trust him completely. Because if the President of the ECB has never invested in cryptos, she explains that her own child has indeed invested in digital assets.
Christine Lagarde also announced a very likely rising interest rates of the ECB, probably as early as next July. It seems like inflationless and less under control, begins to worry central bankers. But with higher rates, these are the debts states that go explode instead of inflation. Losers every time!
After that, everyone will give their preference of trust to whomever he wants. Either at MNBCs and their central bankers which are already leading us straight towards an economic disaster (hyperinflation or recession). Either at Bitcoina new digital gold whose code provides 21 million unitsnot one more.
Will you support the Bitcoin revolution like the son of Christine Lagarde? It’s up to you to get on the crypto train! To do this, and begin to familiarize yourself with this exciting world, do not wait for you create an account on Binancethe leading Bitcoin and crypto exchange (affiliate link).