Most people believe the adoption of Bitcoin needs support from government officials and central banks. These institutions could be the pillar of warmth and acceptance of digital currency across the globe. In fact, growing interest of government officials and legislation would catalyze the interest of investors and proponents alike. Favorable legislation and good central bank frameworks are just beyond the inevitability of Bitcoin as a nascent technology. This is the main reason why cryptocurrency enthusiasts see the enrollment of Christine Lagarde to head ECB as a blessing. 

Christine Largade has shown tremendous interest in cryptocurrency and she believes the technology has the <a href="https://www.visualcapitalist.com/the-8-major-forces-shaping-the-future-of-the-global-economy/">potential to shape global economies</a>.She will replace the outgoing head, Mario Draghi on the 1st of November this year. The incoming head once advocated for  digital assets/currencies backed by the state that could eventually increase the efficiency of economies.Meanwhile, in April while speaking to CNBC, Lagarde noted how the crypto and blockchain industries were shaking the system. 
<h2>ECB Head Supports Centralized Systems</h2>
Notable crypto proponents find Lagarde’s statement as a strong endorsement for Bitcoin and crypto. Despite the fact that most officials may write off the utility of digital currency. Her opennesse signifies an impending pro-crypto European Central Bank. The biggest question is whether the incoming ECB boss will f<a href="https://www.cryptoknowmics.com/crypto/bitcoin-will-hit-1-trillion-market-cap-by-2025-willy-woo-reaffirms/">ocus on Bitcoin</a> or rather centralized digital assets. This is because, Lagarde is more interested in centralized crypto options than decentralized blockchains such as Bitcoin. An <a href="https://www.etoro.com/trading/markets/research/">eToro senior market analyst</a>, Mati Greenspan,  noted that Lagarde seems interested in XRP and JPM coin.

Notably,Greenspan went on to add that Lagarde’s focus as head of the <a href="https://www.ecb.co.uk/">ECB</a> will not mainly be an attempt at crypto. The analyst noted that her biggest challenge is to unite and bring prosperity to the various European Union states.  Hence, her major focus is an attempt at unity and prosperity. While QE could probably take control of the digital financial landscape.
<h2>Conclusion</h2>
 However, Christine Lagarde’s interest and openness to Blockchain technology is likely to curate the industry to other levels. And eventually result to further adoption.

Nominee for European  Central Bank (ECB) Headship is a Crypto Supporter

Favourable legislations and good central bank frameworks are just beyond the inevitability of Bitcoin as a nascent technology.Christine Lagarde, nominated..

Richard is a versatile fintech analyst with a deep understanding of blockchain domains. As much as technology fascinates him, he finds the intersection of both technology and finance mind-blowing. The firm belief that fintech will drive the future has brought him to the crossroads of Fintech discoveries and transmission of immutable data to a wider audience.

Nominee for European Central Bank (ECB) Headship is a Crypto Supporter

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