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European Central Bank (ECB) President Christine Lagarde recently shared a personal story about her son’s unsuccessful investments in cryptocurrency. Speaking at a town hall in Frankfurt, Lagarde revealed that her son ignored her warnings and ended up losing a significant portion of his crypto assets. While Lagarde did not disclose the exact amount, she mentioned that it was around 60% of his investments. This experience seems to have reinforced Lagarde’s negative opinion of cryptocurrencies, as she has previously stated that they are “worth nothing” and based on nothing. Despite her criticism of cryptocurrencies, Lagarde has shown support for the concept of a central bank digital currency (CBDC), suggesting that it could be used for day-to-day payments in a limited capacity.