European Central Bank President Christine Lagarde once again expressed her skepticism about Bitcoin, stating that there are no plans to use it in central bank reserves.
Christine Lagarde's Statement
Christine Lagarde stated on January 30th at a press conference that Bitcoin will not enter the reserves of central banks of the General Council. She emphasized her confidence in this decision.
Bitcoin Criticism
Lagarde has long criticized Bitcoin, highlighting its use in illegal financial operations. She also noted the speculative nature of the asset, liquidity constraints, and regulatory uncertainties as the main reasons why Bitcoin cannot be a viable reserve asset.
Alternative Views in Europe
Despite Lagarde's position, banks in Norway and Switzerland have invested in companies like MicroStrategy, which hold Bitcoin on their balance sheets. While this does not equate to direct Bitcoin holdings, these investments suggest an interest in exploring Bitcoin's potential integration into financial strategies.
Lagarde's statements reflect the continuation of the ECB's policy against utilizing Bitcoin as a reserve asset, though not all European countries share this view.
