‘Worth nothing!’ Top EU economist slams cryptocurrencies – is crypto safe?

While it has had little effect on the wider market, the unfolding events have attracted captains of the fiat world.

Christine Lagarde, the European Central Bank president, has positioned herself firmly against cryptocurrencies.

In an interview with Dutch talk show College Talk, she said her “humble assessment” was that they were “worth nothing”.

She said the currencies were “based on nothing” and lacked an “underlying asset to act as an anchor of safety”.