Bitcoin And Gold: Possible Bankruptcy Of Credit Suisse Puts The Focus On Cryptos
✍️ 14 October, 2022 - 10:43 👤 Editor: Jakub Motyka
- A large investor from the financial entity Credit Suisse warns that the company "is a disaster" and is about to repeat the history of Lehman Brothers.
- Bitcoin (BTC) and gold re-emerge as alternatives to take refuge in the face of the market crash.
- The latest news about cryptos, in our Telegram channel.
Drums are no longer sounding of recession, but directly of bankruptcy in the world economy. Amid waves of layoffs and leaks of crypto money, a new investor has sounded the voice of alarm about the economic situation of the financial institution Credit Suisse.
Citing the bankruptcy of Lehman Brothers, a large investor of Credit Suisse would have warned that the financial entity "is a disaster", alleging that it is on the edge of the precipice of a fall that could drag the global economy with it.
Credit Suisse And Deutsche Bank Are In The Spotlight; Bitcoin (BTC) And Gold, The Market's Favorite Alternative Values
As reported in a tweet from @Investingcom, there is a a large investor who works with the shares of Credit Suisse who has ensured that the company's CDS (Credit Default Swap) trading is about to enter a "Lehman moment", referring to the bankruptcy of the American company in 2008 which caused a global recession that lasted years.
As usual in these cases, debates have arisen about whether it is better to invest in Bitcoin (BTC) or gold to take refuge from this possible scenario of new world economic recession.
The supporters of gold claim that Bitcoin has lost 80% of its value and has never been a safe haven for anything, while those who are in favor of investing in Bitcoins point out that Bitcoin is the digital version of gold and, therefore, both are the only way out to escape from the spiral of recession in which the economies of all countries are involved right now.
The Price Of Bitcoin (BTC) Today Tries To Fight Not To Lose $19,000
The price of Bitcoin (BTC) today tries to fight not to lose the support of $19,000 that it has already touched in the last 24 hours, when it registered a price of $18,970.62. At the time of writing this news, the price of BTC is $19,113.54, a drop of 1.04% in the last 24 hours.
More crypto news:
- Celsius CEO Withdrew $10 Million Days Before Bankruptcy
- Solana (SOL) Gains Ground Over Ethereum (ETH) In The NFT Market
- India's Largest Crypto Exchange To Lay Off 40% Of Its Staff
ES: Por mi trabajo de redactor siempre he escrito para otros temas pero la verdad es que a día de hoy lo que más me apasiona es el tema de las criptos. Tengo conocimientos tanto en criptomonedas y wallets como de airdrops y exchanges.
Poseo wallet en Coinbase y Trust Wallet, y cuentas en una variada cantidad de exchanges como Satoshi Tango, Binance, Crypto, Ripio, entre otras.
EN: EN: Because of my work as an editor I have always written for other topics but the truth is that today what I am most passionate about is the topic of cryptos. I have knowledge in both cryptocurrencies and wallets as well as airdrops and exchanges.
I have a wallet in Coinbase and Trust Wallet, and accounts in a variety of exchanges such as Satoshi Tango, Binance, Crypto, Ripio, among others.
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