Prices fell this month from almost $5,000 to a low of less than $3,000 after JPMorgan chief Jamie Dimon called it "a fraud" and China cracked down on cryptocurrency exchanges. British gold bullion dealer John Sharp has partnered with payment processor BitPay to enable customers to buy gold and other precious metals with bitcoin , according to a company statement . Sharps ' CEO Ross Norman said the decision would allow bitcoin holders looking for a " traditional safe haven " to do so " in a simple and cost effective way " . The value of bitcoin has tripled over the past year , though the cryptocurrency is still notoriously volatile .
British gold bullion dealer John Sharp has partnered with payment processor BitPay to enable customers to buy gold and other precious metals with bitcoin , according to a company statement . Sharps ' CEO Ross Norman said the decision would allow bitcoin holders looking for a " traditional safe haven " to do so " in a simple and cost effective way " . The value of bitcoin has tripled over the past year , though the cryptocurrency is still notoriously volatile .