"Bitcoin presents a number of challenges. The first of them is
really the anonymity," Thiam told a results news conference. "I
think most banks in the current state of regulation have little
or no appetite to get involved in a currency which has such
anti-money laundering challenges.
"From what we can identify, the only reason today to buy or sell
Bitcoin is to make money, which is the very definition of
speculation and the very definition of a bubble."
Bitcoin rocketed above $7,000 for the first time on Thursday,
after a more than sevenfold increase in its value since the
start of the year. [nL8N1N83DQ]
(Reporting by Joshua Franklin, writing by John Revill; Editing
by Michael Shields)
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