ECB Chief Says Crypto Assets ‘Worth Nothing’

The president of the European Central Bank, Christine Lagarde, has made it quite clear about her position on the value of cryptocurrency assets in a recent interview.

Speaking on the Dutch television show College Tour in an interview which will be aired on Sunday, the ECB head maintained her stance that crypto assets are extremely speculative and very dangerous investments, as per a report by Politico.

“I have said all along the crypto assets are highly speculative, very risky assets. 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.”

Lagarde also addressed the topic of monetary policy, suggesting once again that the ECB is prepared to raise interest rates in July in order to combat the galloping inflation in the Eurozone.