Societe Generale SA added to concerns about excessive bitcoin speculation, with the bank’s deputy head following Credit Suisse Group AG’s top executive in saying that it’s a bubble.
“Bitcoin today is in my view very clearly in a bubble,” Severin Cabannes said in a Bloomberg Television interview on Friday. His comments came a day after Credit Suisse CEO Tidjane Thiam said the speculation around bitcoin, which pushed it above $7,000 for the first time, is the “very definition of a bubble.”
