Posted 11/24/2023, 8:12:43 PM
Lagarde's Son Loses Big After Ignoring Mother's Warning on Crypto
- European Central Bank President Christine Lagarde admitted her 30-something year old son lost a significant amount of money he invested in cryptocurrencies against her advice
- Lagarde has been openly critical of cryptocurrencies, previously calling them "worth nothing" and saying they are "based on nothing"
- Despite advising her son against investing in crypto, he ignored her and ended up losing almost all of the money he put in
- After sustaining major losses, Lagarde's son finally conceded that she was right to advise against investing in cryptocurrencies
- While critical of cryptocurrencies, Lagarde has been a proponent of central bank digital currencies (CBDCs) like the proposed digital Euro