Christine Lagarde opposes Bitcoin Reserve, sparks debate – Here’s why – BitRss

• ECB’s Lagarde has said that BTC ($102,639.26) isn’t liquid, safe, and full of crime to be considered a reserve. 
• But Bitwise’s Andre Dragosch has debunked these allegations.  

The crypto community has criticized Christine Lagarde, the president of the European Central Bank, for her opposition to a Bitcoin[BTC] reserve among member countries.

In a recent presser, Lagarde stated, 

“Reserves have to be liquid, secure and safe and not be plagued by suspicion of money laundering or criminal activity. As a result, I’m confident that Bitcoin will not enter the reserves of any of the central banks of the general council.” 

However, the community quickly countered her argument, stating that Bitcoin meets all the criteria she highlighted. 

BTC meets the ECB’s reserve criteria

Andre Dragosch, Head of Research at Bitwise Europe, noted that BTC is more liquid than the most liquid traditional asset (S&P 500). He