Don’t Be Afraid, Lagarde Is Confident!

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Christine Lagarde has spoken.

And when Lagarde speaks, the financial world listens—whether they like it or not.

This time, the President of the European Central Bank (ECB) reassured the masses: Bitcoin will never be part of Europe’s central bank reserves. Central bank assets must be “liquid, safe, and secure,” she declared, implying that Bitcoin, despite its global adoption and trillion-dollar market cap, somehow doesn’t make the cut.

Meanwhile, Aleš Michl, the governor of the Czech National Bank, suggested adding Bitcoin to their reserves as part of a diversification strategy. Lagarde swiftly shot it down, making it clear that no EU member state should dare think about holding Bitcoin in their coffers.

But let’s take a step back.

What Are They Afraid Of?

Lagarde’s confidence sounds reassuring—if you trust the system she’s protecting.

Her rejection of Bitcoin isn’t about economic fundamentals. It’s about control.

  • Central banks deal in fiat money, which they can print at will.
  • Bitcoin is independent, uninflatable, and unconfiscatable (unless they knock on your door).
  • If central banks admit Bitcoin has a place in reserves, they admit their money isn’t the only option.

And that’s not something they’re willing to do.

Because once Bitcoin enters a central bank’s balance sheet, the game shifts.

It becomes an implicit acknowledgment that Bitcoin is real money.

“Liquidity, Safety, and Security”—Really?

Lagarde claims Bitcoin isn’t suitable for reserves because it lacks liquidity, safety, and security.

Let’s unpack that:

🔹 Liquidity: Bitcoin trades billions of dollars per day—more than many national currencies. The daily Bitcoin trading volume often surpasses that of the euro itself.

🔹 Safety: Bitcoin has never needed a bailout, never required emergency monetary policy, and has run uninterrupted 24/7 for 15 years. Meanwhile, European banks required hundreds of billions in central bank intervention during crises.

🔹 Security: The Bitcoin network is protected by the largest computing power on Earth. No single entity controls it. Meanwhile, the euro? It relies on bureaucrats making “the right decisions”—decisions that led to negative interest rates, sovereign debt crises, and inflation spikes.

So what does “safe and secure” really mean?

It means something they can control.

Bitcoin Is Already in Reserves—Just Not Theirs

While the ECB dismisses Bitcoin, other players are accumulating it.

  • Private citizens across the world are self-custodying Bitcoin as an alternative to their devaluing national currencies.
  • Corporations like MicroStrategy and Tesla have added Bitcoin to their treasuries.
  • Nation-states are getting involved—El Salvador made it legal tender, and rumors swirl about governments quietly stacking.

The ECB’s stance? They laugh at it.

Until they won’t.

Because while they dismiss Bitcoin now, history shows that powerful institutions always resist disruptive technology—until they can’t afford to ignore it anymore.

The Reality Check

Bitcoin doesn’t need the ECB’s approval.

But the ECB needs people to continue believing that only fiat money is legitimate.

As inflation erodes savings, as debt spirals out of control, as trust in financial institutions weakens, people look for alternatives.

And that’s why Bitcoin keeps growing.

So don’t be afraid. Lagarde is confident.

But why does she feel the need to say it so loudly?

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