Bitcoin is 'very definition' of a bubble, says Credit Suisse CEO

Bitcoin is 'very definition' of a bubble, says Credit Suisse CEO

A collection of bitcoin tokens sit in this arranged photograph in London, U.K., on Wednesday, Jan. 4, 2017. Photographer: Chris Ratcliffe/Bloomberg

The speculation around bitcoin is the “very definition of a bubble,” Credit Suisse Group AG Chief Executive Officer Tidjane Thiam said as the currency exceeded $7,000 for the first time.

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