Credit Suisse CEO: Bitcoin is synonymous with bubble and speculation The CEO of Swiss financial conglomerate Credit Suisse Tidiane Thiam does not believe that banks are interested in working with Bitcoin due to some of its peculiarities. Writes about it Reuters.

Head of Credit Suisse: Bitcoin is synonymous with bubble and speculation

The CEO of the Swiss financial conglomerate Credit Suisse, Tidiane Thiam, does not believe that banks are interested in working with bitcoin due to some of its peculiarities. Writes about it Reuters.

“Bitcoin poses a number of serious problems. First, it is anonymity, ”said Thiam. "I think most banks at the current level of regulation are not particularly interested in dealing with currencies, which presents such a problem in the fight against money laundering.".

He also noted that he sees no reason to work with cryptocurrency, if the ultimate goal of such activity is not to derive profit in itself..

“The only reason to buy or sell bitcoin that we have been able to establish is to make money. This is the definition of speculation, this is the definition of a bubble, ”he added..

Recall that one of the last tycoons of the financial sector who doubted the future of the cryptocurrency and the validity of its current rate, which today for the first time crossed the $ 7,000 mark, was the billionaire Warren Buffett, who called bitcoin a "real bubble".

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