Credit Suisse Embraces Digital Money Despite CEO's Bubble Fears
- Swiss bank held ‘epic’ conference on cryptocurrency last month
- Thiam joined other big-bank CEOs in expressing skepticism
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Credit Suisse Group AG Chief Executive Officer Tidjane Thiam said last week that bitcoin speculation is the “very definition of a bubble.” Even so, he can’t avoid it or the technology behind it.
A Credit Suisse conference on digital money and blockchain last month in New York was “epic,” said Lou Kerner, a former equity analyst at Goldman Sachs Group Inc. who invests in digital coins as a partner at Flight VC. He estimated there were about 300 people in attendance. “To me, it was the best single day I’ve spent in crypto.”