ECB's Lagarde: Bitcoin is a speculative asset

ECB president, Christine Lagarde, remarks on digital currencies

• Bitcoin needs regulation
• Bitcoin has facilitated 'funny business', some reprehensible activity
• We will have a digital euro
• Hopes it would be no more than 5 years before digital euro

I think she answered her own question as to why there will be people who would still prefer Bitcoin over central bank digital currencies. Is it mostly/purely speculative? Sure, one can say that it is. But it is an interesting experiment on human/investor psychology.