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Market Extra: Has bitcoin matched gold’s status? One expert weighs in

The price for a single bitcoin exceeded the price of an ounce of gold for the first time ever Thursday, but the digital currency isn’t ready to join gold or silver as a reliable long term store of value, Paul Mladjenovic, author of “Precious Metals Investing for Dummies,” told MarketWatch.

“I want to see a lot more stability and I want to see that [bitcoin] has the same characteristics of durability that gold and silver have had over not just years but centuries,” Mladjenovic said in a Facebook Live interview.

The price of a single bitcoin US:BTCUSD rose to an all-time high of $1,251.32 on Thursday, according to CoinDesk’s bitcoin price index.

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