Los Angeles Times

Is this scathing report the death knell for bitcoin?

As if bitcoin fans didn't have enough to worry about these days, a widely respected international bank has just published a scathing analysis of the cryptocurrency questioning whether it ever will be more than a fad - and a costly fad for its adherents.

The report by the Swiss-based Bank for International Settlements doesn't present any particularly novel questions about bitcoin and related virtual currencies. But it brings together all the existing questions and validates them, with facts and figures.

The BIS says its goal was to look

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