This is the age of wild predictions, for both commodities and cryptocurrencies, but with oil, at least here are some fundamentals to go by. For bitcoin, there’s only sentiment … and whales. No one, not even big banks, can seem to keep a lid on their headline-grabbing predictions in the age of too much data. Last week, even as Bitcoin was on a fast-track losing streak, Ark Investment Management CEO Cathie Wood told Bloomberg TV that it would rise to $500,000. It was at $30,000 when she pulled out that crypto-crystal…
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