Credit Suisse Calls Bitcoin ‘a Bubble’ in NOV 2017, Needs an Emergency Rescue in MAR 2023

In November 2017, Tidjane Thiam, the then-CEO of Credit Suisse, referred to Bitcoin as a bubble, questioning the cryptocurrency’s long-term prospects. Fast forward to March 2023, and Credit Suisse finds itself in financial turmoil, necessitating an emergency rescue by UBS. In 2017, Thiam raised concerns about Bitcoin’s anonymity and the lack of appetite among banks