“From what we can identify, the only reason today to buy or sell bitcoin is to make money, which is the very definition of speculation and the very definition of a bubble,” he said at a news conference in Zurich on Thursday. He added that in the history of finance, such speculation has “rarely led to a happy end.”
Tidjane Thiam, Former CEO, Credit Suisse · Bitcoin since: +980%
As published by Bloomberg
Bitcoin Is The Very Definition’ Of A Bubble, Credit Suisse CEO Says ↗
A little perspective.
Bitcoin on that day$7,030November 2, 2017
$100 at that price$1,080At our latest price check
Illustrative value using a Bitcoin price of $75,896, checked Nov 8, 2026, 3:55 AM UTC. Excludes fees, taxes, and inflation. A price change alone does not settle the original criticism.
Keep the receipt.
Bitcoin Is Dead. “Bitcoin Is The Very Definition’ Of A Bubble, Credit Suisse CEO Says” — Tidjane Thiam, Bloomberg, November 2, 2017. Bitcoin: $7,030. https://bitcoindeaths.com/posts/2017-11-02-bitcoin-is-the-very-definition-of-a-bubble-credit-suisse-ceo-says