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Christine Lagarde: Cryptocurrencies mean nothing, they are worthless and they are not based on anything

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“Cryptocurrencies are very speculative, very risky, as I have said many times,” Lagarde told Dutch College College television in an interview on Sunday. “It simply came to our notice then. It is not based on anything, there are no assets that act as an anchor of security “, she said, quoted by politico.eu

Earlier this month, Bitcoin lost 20% of its value in a single week.

Lagarde revealed that she never invested in cryptocurrencies, but her son did – with little luck.

Lagarde also addressed monetary policy, reiterating that The ECB is set to raise interest rates in July to combat furious inflation in the eurozone.

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“We will stop net purchases [de obligaţiuni] and then, in a few weeks, we will raise interest rates, ”Lagarde said. ECB bond purchases are currently expected to be phased out at the beginning of the third quarter, opening the door for a rise in interest rates in July.

An increase of 50 basis points “is not something I can tell you right now,” she added.

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