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This Is What the Future Holds for Bitcoin: Goldman

Bitcoin stands a better chance of being a payments system than a currency.

Cryptocurrency bitcoin, which has come under rising scrutiny since the recent collapse of Mt.Gox, has a much better shot as a payment mechanism than a currency, says Goldman Sachs.

“The most commonly identified properties of a successful currency are that it is: widely (if not universally) accepted as a medium of exchange (and) a stable store of value,” Dominic Wilson and Jose Ursua economists at Goldman Sachs wrote in a report on Tuesday.

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