ECB President Christine Lagarde Says Crypto is “Worth Nothing”

Christine Lagarde, the President of the European Central Bank ( ) has re-emphasized her dislike for the digital currency ecosystem, noting that the nascent asset class is highly speculative, risky, and worth nothing.

As reported by Politico, Lagarde shared how she felt about digital currencies in an interview with the Dutch TV show, College Tour, on schedule to be aired this Sunday. In her words;

“I have said all along the crypto assets are highly speculative, very risky assets,” Lagarde said adding, “My very humble assessment is that it is worth nothing. It is based on nothing, there is no underlying assets to act as an anchor of safety.”