[European Central Bank President Lagarde: My son speculated in currencies and suffered miserably]
On Friday local time, while attending the "Euro20+" youth exchange event organized by the German Bundesbank, European Central Bank President Christine Lagarde revealed her son's embarrassing story of huge losses due to currency speculation. At that time, Lagarde was asked at the event "What do you think of virtual currencies?" She laughed a few times and then started telling stories to the more than 200 young people present. Lagarde said that her son completely ignored her advice when it came to speculating on currencies, but in the end he lost miserably. Although it was not a huge amount of money, he probably lost 60% of his investment. She then talked to her son again, and now he reluctantly admitted that "Mom is right." #BTC #USDC #ETH