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Bitcoin hasn't replaced cash, but investors don't care

Many are hoarding the cryptocurrency as if it were virtual gold, a new way to store money outside the control of any government or company

ON A ROLL: The increasing value of bitcoin made it even less attractive as a way to pay for things. Most people don't want to pay now with a dollar that could be worth twice as much next week.

San Francisco

WHEN bitcoin first entered the public consciousness a few years back, a handful of large companies like Dell and Expedia announced they would begin accepting the virtual currency. But there weren't many takers. This failure hasn't bothered...