Bitcoin roars back, putting US$100,000 predictions in vogue again


NEW YORK (Bloomberg): The world’s largest cryptocurrency is staging a comeback that has taken it up more than 50% from recent lows, reviving animal spirits and coaxing out sky-high price targets that, while a source of comedy for some, emerge when the asset is rallying.

Out are predictions the digital currency was ready to retest US$20,000 amid a slew of negative headlines that many said would push it lower. Back in vogue are calls for the coin to keep rallying again to its all-time highs and beyond.

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