According to European Central Bank President Christine Lagarde, the crypto market is highly speculative and dangerous to people who do not know the risk involved.
Last year, the deputy governor of the Bank of England, Sir Jon Cunliffe, made a similar assertion, stating that Bitcoin could become worthless.
Crypto has faced a series of criticism from financial experts and analysts since going mainstream. It is highly argued that the digital asset is worthless, and thrives purely on speculation. The latest criticism comes from the European Central Bank President Christine Lagarde. In an interview on a Dutch television show College Tour, she stated that cryptos are based on nothing. According to her, the market is highly speculative and dangerous to people who do not know the risk involved. It is, therefore, important to regulate them to prevent people from losing their funds.
My very humble assessment is that it is worth nothing, it is based on nothing, and there is no underlying ass
