European Central Bank President and noted crypto critic Christine Lagarde is doing her best to keep the Eurozone insulated from the volatility of crypto assets. But on Friday, Lagarde admitted that she couldn’t accomplish the same for her own family. 

Lagarde’s 30-something year old son bought crypto against her wishes, and “lost it all,” the French politician admitted during a town hall meeting in Frankfurt on Friday, according to a report in Reuters.

“He ignored me royally, which is his privilege,” Lagarde said to an audience of students. “And he lost almost all the money that he had invested.”

Lagarde spoke publicly last year about her son’s crypto holdings, saying he invested in digital assets despite her numerous failed interventions and attempts to convince him he was making a mistake. The European official has two sons, both in their mid-thirties, but has never publicly clarified which of the two invested in crypto.

Only after he finally sustained significant losses di

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Author: Sander Lutz

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