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Wednesday, March 12, 2014

Bitcoin Isn’t a Currency, Can’t Replace Gold: Goldman Sachs

http://blogs.barrons.com/focusonfunds/2014/03/12/bitcoin-isnt-a-currency-cant-replace-gold-goldman-sachs/

Goldman Sachs’ Allison Nathan and a slew of co-authors are out with a report on Bitcoin this week, and the message might not please digital-currency enthusiasts.
The firm’s economists Dominic Wilson and Jose Ursua argue Bitcoin has promise as a payments technology, but calling it a “currency” is a bridge too far:

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