ECB President Lagarde just revealed her son ignored her crypto warnings and got rekt 💀

The story: Her son in his 30s invested in crypto last year despite Lagarde's repeated advice against it. Result? Lost about 60% of his portfolio. "He ignored me royally," Lagarde said at a town hall meeting, "but eventually he reluctantly accepted I was right."

Context matters: Lagarde has been one of crypto's biggest institutional critics, calling Bitcoin "worth nothing" and saying it's "out of the question" for central banks to hold it. She's been pushing CBDCs instead while crypto remains too volatile for ECB's taste.

Funny part: Lagarde isn't the only anti-crypto figure dealing with this. Bitcoin critic Peter Schiff also watched his son Spencer become a Bitcoin bull (for a bit). Schiff's take? "The younger generation always thinks they know something their father didn't."

TL;DR: Even the finance elites' kids don't listen. Sometimes you gotta learn the hard way.