ECB's Lagarde: Bitcoin is a speculative asset

Author: Justin Low | Category: Central Banks

ECB president, Christine Lagarde, remarks on digital currencies

  • Bitcoin needs regulation
  • Bitcoin has facilitated 'funny business', some reprehensible activity
  • We will have a digital euro
  • Hopes it would be no more than 5 years before digital euro
I think she answered her own question as to why there will be people who would still prefer Bitcoin over central bank digital currencies. Is it mostly/purely speculative? Sure, one can say that it is. But it is an interesting experiment on human/investor psychology.

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