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People investing in the cryptocurrency should be aware of risks, wotrhless lose everything. Bitcoin could trigger financial meltdown, warns Bank of England deputy.
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Why Bitcoin is a ScamA bitcoin has value because it is able to be exchanged for and used in place of fiat currency, but it maintains a high exchange rate primarily because it is. The Bank of England has said that bitcoin could be �worthless� and people investing in the digital currency should be prepared to lose. Media of exchange should be worthless. Things of actual value should be used to create more value. Fiat money and bitcoin share the powerful.
