First, the artificial intelligence model believes that the current short-term speculation about the possibility of listing on the NYSE is enough for a sharp rise. Specifically, ChatGPT-4o believes that after the recent announcement, prices will rise by 20-30% as an immediate reaction. As a result, bitcoin will reach a record high of $82,000.This is in line with an analysis conducted on the Finbold website by an experienced cryptocurrency trader.
Second, in the medium term, the price of OpenAI's flagship product is expected to be between $1,100,000 and $1,120,000. This takes into account the cumulative impact of new investor inflows, increased legitimacy, and broader acceptance over a 6-12 month period.
Finally, the long-term #StartInvestingInCrypto price forecast shows major #cryptocurrencies in the $150,000 to $2,200,000 price range.
If #cryptocurrency trading on the NYSE leads to further institutional adoption, improved market infrastructure, and overall market growth, #bitcoin could potentially reach the $1,150,000 to $2,200,000 mark as the market matures and further solidifies the assets' position as digital savings vehicles.
At the Consensus 2024 event, NYSE president Lynn Martin said that if U. S. regulations become clearer, the exchange would consider trading cryptocurrencies. The success of the U. S. -listed Etf bitcoin Spot Fund has reached £5.8 billion, indicating demand for regulated cryptocurrencies. NYSE rival CME plans to launch spot cryptocurrency trading for its clients, as also reported by CoinDesk.
However, Farley believes that regulators' distrust of public blockchains may force tradfi companies to develop private blockchains for payments. Clear guidance from regulators is crucial for growth and innovation in the US crypto industry.
Bitcoin is currently trading at $67,724, maintaining a price range of $60,000 to $7,72,000. However, the current trade above the 30-day exponential moving average (30-EMA) indicates a bullish opportunity to overcome the range resistance and fight for the 82,000 mark as predicted by chatgpt-4o.
In addition, the daily Bitcoin Relative Strength Index (RSI) also shows that momentum is building to push this potential bull rally. Since the beginning of the year, BTC is up 1% from the BTC exchange rate of 1,142,284 on the 60th.
Read us at: Compass Investments