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The European Central Bank (ECB) president generated buzz in the crypto community and the wider financial market when she weighed in on the debates about the need to set up a strategic crypto reserve.  The United States and other interested countries are looking at Bitcoin as the perfect asset for their reserves, and there have been talks about other digital assets making the list. However, recent comments by ECB President Christine Lagarde are making waves. In her statement, Lagarde rejected the idea of incorporating Bitcoin into the European reserves, listing factors like volatility and its association with money laundering. The comments came after the Czech National Bank Governor Ales Michl announced that the bank is considering adding Bitcoin to represent 5% of its reserves. While Lagarde has been vehemently against Bitcoin, an old video shared by crypto influencer Amelia surfaced, where the ECB president hailed distributed ledger technology (DLT), while drumming its implications for the financial markets. ECB president reveals stance on DLT  In the video posted by user Amelie on X, Lagarde talked about the technologies utilizing the DLT, noting that they are “clearly shaking the system.” The video contrasts with her current stance concerning Bitcoin and her belief that it will not be incorporated into the EU reserves. In the video that was recorded in 2019, Christine Lagarde discussed extensively the financial disruptors that are using DLT. 🚨 ECB‘S CHRISTINE LAGARDE ALREADY TOLD YOU IN 2019: „ANYTHING THAT IS USING DISTRIBUTED LEDGER TECHNOLOGY, WETHER YOU CALL IT CRYPTO ASSETS, CURRENCIES OR WHATEVER – AND IT‘S FAR FROM BITCOIN – THAT IS CLEARLY SHAKING THE SYSTEM!“ TODAY SHE IS SAYING THAT SHE IS „CONFIDENT… pic.twitter.com/APtAHtuKIz — 𝓐𝓶𝓮𝓵𝓲𝓮 (@_Crypto_Barbie) February 1, 2025 Lagarde mentioned at the time that there were two key players in the space, listing incumbent banks and…

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Filed under: News - @ February 2, 2025 11:25 am