The artificial intelligence corrected its prediction and revealed the PRICE OF #Bitcoin❗️ that it projects for the end of 2024.

The price of Bitcoin has experienced ups and downs after reaching its all-time high of $73,738 on March 14, 2024

As of May 29, 2024, the price of BTC is around USD 67,500

A few months ago, artificial intelligence had predicted that the price of the main cryptocurrency would reach USD 120,000 by the end of 2024.

However, after the latest news from the crypto ecosystem, he revised his prediction and shared a new projection with us.

What will be the price of bitcoin by the end of 2024, according to artificial intelligence

"Based on my analysis of the information available on the internet, including charts, market trends, analyst opinions and geopolitical events, I believe that the price of Bitcoin by the end of 2024 will be in a range between USD 70,000 and USD 100,000," he shared. Google's artificial intelligence.

There are several factors that could influence the price of Bitcoin in the future:

Reducing inflation in the United States: If inflation continues its downward trend, this could be positive for the price of Bitcoin, as it is often seen as a safe haven asset in times of economic uncertainty.

Adoption by institutions: Greater adoption of Bitcoin by financial institutions and businesses could increase demand and therefore the price.

Regulation: Regulation of the cryptocurrency market by governments could have a significant impact on the price of Bitcoin, both positive and negative.

Geopolitical events: Geopolitical events such as wars or economic crises could affect the price of Bitcoin, just as they do with other risk assets.

"Considering these factors, and seeking more precision, the most likely price of bitcoin by the end of 2024 would be around USD 80.000", revealed the artificial intelligence.