Christine Lagarde Maintains Bitcoin Value at 'Nothing' Despite Price Surge; BTC Down 32% Since Her Statement
Lagarde's Skepticism on Bitcoin: Christine Lagarde, President of the European Central Bank, reiterated her long-standing criticism of Bitcoin, stating it is "worth nothing" and remains a highly speculative and risky asset.
Bitcoin's Price Fluctuations: Despite Bitcoin's significant growth to $125,000 at the time of Lagarde's comments, it has since dropped below $85,000, reflecting a 32% decline and raising questions about its stability.
ECB's Stance on Bitcoin: The European Central Bank has firmly stated that Bitcoin will not be included in its reserves due to concerns over safety, liquidity, and regulatory compliance, focusing instead on developing a digital euro.
Investment Advice Disclaimer: Lagarde emphasized that she does not provide investment advice and acknowledged that individuals are free to make their own investment choices regarding cryptocurrencies.
About the author





