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.