Credit Suisse Bank falls into a “tit for tat” game with Bitcoin
Binance’s CEO noted that Credit Suisse Bank failed against Bitcoin because its CEO criticised Bitcoin in the past.
Credit Suisse Group AG (Swiss Credit) is a global investment bank and financial services firm founded and based in Switzerland. Just a few days ago, this bank reported its bad financial position. Later its rival UBS reached an agreement to buy its embattled domestic rival Credit Suisse for 3 billion Swiss francs ($3.2 billion).
On 20 March 2023, Gabor Gurbacs, the founder of the “points ville app” & strategy advisor at VancEk, quoted a screenshot of old news where Credit Suisse Bank CEO said that Bitcoin is a bubble and now in the present time bitcoin is standing strongly at $28k price but Credit Suisse Bank collapsed & waiting for the rival bank to being bailout.
Binance crypto exchange CEO Changpeng Zhao (CZ) said that Bitcoin never fights back but those who will attack will surely fail or fall.
The statement passed on the Twitter platform by two crypto proponents showed that Credit Suisse Bank saw a bubble blast of the bank.
US banking crisis
In the last 10 days, more than half a dozen Us banks reported bad financial positions. Silicon Valley Bank is the latest bank, which successfully revived services on behalf of the acquisition support from the FDIC agency. The
Crypto haters claimed that crypto companies are responsible for the US banking crisis but the practical level investigation confirmed that crypto was not responsible for the Us banking crisis, instead Crypto companies are victims of this situation.
Because of this situation, many finance firms terminated their partnership with crypto companies.
Read also: Peter Schiff claims the world will move toward digital gold, not Bitcoin
