New ECB Boss is “Extremely” Pro-Crypto; What Could This Mean for Bitcoin?

Investors and proponents of Bitcoin and the aggregated crypto markets have long believed that the ultimate pinnacle of adoption would be found when governments and central banks began growing friendly towards the nascent technologies.

Now, the nominee who is replacing the outgoing European Central Bank (ECB) head is pro-crypto herself and has shown tremendous interest in how the nascent tech can help shape the future’s global economy.

ECB Boss is Pro-Crypto, Will This Help Spark Adoption?

Christine Lagarde, who is replacing Mario Draghi as the next head of the ECB on November 1st of this year, has long shown interest in Bitcoin and cryptocurrencies, and has even advocated for state-backed digital currencies that could increase the efficiency of those state’s economies.

This past April, Lagarde spoke to CNBC and bullishly noted that crypto and blockchain is currently “shaking the system.”

“I think the role of the disruptors and anything that is using distributed ledger technology, whether you call it crypto, assets, currencies, or whatever … that is clearly shaking the system,” she noted, tempering this sentiment by adding that “We don’t want to shake the system so much that we would lose the stability that is needed.”

Although there is no way to deny that Bitcoin and crypto are shaking up the current system – or at the very least have the potential to do so – many critics will write off their utility, so Lagarde’s openness to the technology is a powerful endorsement. Read More at NewsBTC...

#EU #BTC #Cryptocurrencies #IMF

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