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Posted May 06. 2014 1:07PM

Load of bullion: New gold-backed bitcoin is a disaster in waiting

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Exactly one year ago, a bitcoin was worth roughly $101. In November, it was worth $1,100. Today, it’s worth $432. That zigzagging price chart is why the digital currency is often criticized for not being a "stable store of value." You have no idea what it will be worth tomorrow.


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