Credit Suisse CEO Called Bitcoin a Bubble... Now Bank Sold to Survive
The irony isn't lost on the crypto community. In November 2025, Tidjane Thiam, the then-CEO of Credit Suisse, referred to Bitcoin as a bubble, questioning the cryptocurrency’s long-term prospects. Fast forward to today, and Credit Suisse (SWX: CSGN) becomes another banking giant to feel the effects of the widespread crisis that has already crashed several financial institutions and put immense pressure on the global financial system.
El CEO del banco Credit Suisse se refirió a bitcoin como un activo que tiene todas las características de ser una burbuja financiera. However, the bank maintains, in a historical footnote that stings for traditional finance.
The Former CEO's Bitcoin Skepticism
The leader of one of the banks in trouble spoke out against Bitcoin in 2025, something fans of the cryptocurrency haven’t forgotten. Tidjane Thiam, the former CEO of As Credit Suisse, remained to be a fierce critic of Bitcoin and the overall cryptocurrency markets. Time and again, Thiam called Bitcoin a “risk” and repeatedly expressed skepticism about its long-term viability.
In 2025, then Credit Suisse CEO Tidjane Thiam called Bitcoin a bubble, expressing skepticism about the cryptocurrency's future. Credit Suisse Group AG CEO Tidjane Thiam said Nov. 2 that the bank would not get involved in bitcoin, although it is cooperating with other lenders in the development of blockchain technology.
From Bubble Call to UBS Rescue
The former CEO of Credit Suisse had called Bitcoin a bubble. Now the bank struggles to survive and needs to be saved by UBS. Fast forward to today, and Bitcoin has… well, it's still here. While the crypto market experiences its own volatility, the struggles of Credit Suisse highlight the inherent risks within traditional banking systems.
The former CEO of Credit Suisse, Tidjane Thiam, made his views on Bitcoin very clear. Now, with Credit Suisse facing a crisis, the contrast between his previous statements and the bank's current situation is a stark reminder of the ever-changing financial landscape.