Credit Suisse embraces digital money despite bubble fears


TOO TEMPTING: Criminals may already have made off with up to US$500mil (RM1.64bil) worth of Bitcoins since the virtual currency launched in 2009 — and you can double that if it turns out they emptied Mt. Gox. — Reuters

NEW YORK: 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.

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Business , Credit , Suisse , crypto , bitcoins , banking ,

   

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