Invited on BFMTV and BFM Business, this Sunday, February 7, 2021, Christine Lagarde, President of the European Central Bank, says that bitcoin is not a currency.

On this divisive debate, Christine Lagarde affirms her position and decides. “It's not a currency. Cryptoassets are not a currency. It's a highly speculative asset,” she says on BFMTV and BFM Business.
She explains that a “reflection” is underway for better regulation of cryptoassets, as they are similar to “money”.
The price of Bitcoin has no real stability and cannot be guaranteed, as is the case with the euro or the dollar. “Now, we can't talk about currency anymore, it was Diem, which used to be called Libra, which was Facebook's attempt to set up an exchange element that would be exchanged for one dollar,” Christine Lagarde continues. Against a dollar, but not against a euro, because we disagree” she insists, thus displaying the ECB's position.
Suspicious, she warns users about the issue: “What is simply necessary is for consumers to never be spoiled and to be fully informed about the nature of the risk they are taking. If they buy a bitcoin, it's a speculative asset