"Crypto Assets Are ‘Worth Nothing,’ Says Ecb’S Christine Lagarde"

Published in Politico on 2022-05-21, "Crypto Assets Are ‘Worth Nothing,’ Says Ecb’S Christine Lagarde" declared Bitcoin dead or fundamentally doomed. The piece argued that Bitcoin's fundamental flaws — including volatility, scalability limitations, and lack of intrinsic value — made long-term survival unlikely. Bitcoin was trading at $29,408 at the time of publication. Bitcoin fell sharply amid interest rate hikes and the spectacular collapse of the FTX exchange and the Terra/Luna ecosystem.