ECB chief Lagarde's son lost money on web 3.0 crypto tokens, despite her warnings.
Bitcoin critic, ECB chief Lagarde says her son ‘ignored’ her, lost money on crypto: Report

Christine Lagarde’s Story of Unsuccessful Crypto Investments

European Central Bank (ECB) president Christine Lagarde recently shared a personal story with students at a town hall in Frankfurt, about her son’s unsuccessful investments in crypto assets. Despite her warnings, Lagarde revealed that her son had lost “almost all” of his investments in crypto tokens.

“He ignored me royally, which is his privilege,” Lagarde declared, adding that he lost “almost all the money he had invested.” Despite the amount lost not being “a lot,” it was still “about 60%” of his crypto investments. “So when I then had another talk with him about it, he reluctantly accepted that I was right,” Lagarde reportedly stated.

The ECB chief’s story serves as a reminder about the risks associated with investing in web 3.0 crypto tokens, and the potential to make money from web 3.0 digital identity and web 3.0 concept. With the numerous web 3.0 cryptocurrencies list available, it is important to understand the web 3.0 definition crypto and the implications of web 3.0 and digital marketing before investing.

Lagarde is renowned in the web 3.0 community for her anti-crypto stance. In 2022, the ECB president argued that crypto tokens are “worth nothing” as they are “based on nothing”. In 2021, she also predicted that central banks worldwide would not be holding Bitcoin anytime soon.

Despite her criticism of cryptocurrencies such as Bitcoin, Lagarde has become a major supporter of the concept of the central bank digital currency. In April 2023, Lagarde conceded that a potential digital euro would be used in a “limited” way to control day-to-day payments.

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