Crypto is Worth Nothing and Based on Nothing, Says ECB President Lagarde

Quick take: European Central Bank President, Christine Lagarde, has said cryptocurrencies are worth nothing and based on nothing. She added that cryptocurrencies do not have an underlying asset to act as an anchor of safety. ECB President Lagarde said that a digital Euro would be a better store of value than cryptocurrencies. The EU Commission on a digital euro (CBDC) is still accepting consultations from experts on the topic. Christine Lagarde, the European Central Bank President, has said that cryptocurrencies […]