#SHIB The crypto community has approved all 11 spot BTC ETFs by the U.S. Securities and Exchange Commission (SEC). This historic decision is expected to have a significant impact on the price of Bitcoin and other cryptocurrencies, including SHIB.
However, the extent and direction of this impact remain to be seen. We asked the AI chatbots Google Bard and ChatGPT what they thought about this. In response, they shared their thoughts on possible scenarios for Shiba Inu.
Google Bard predicts Shiba Inu price after BTC ETF approval
Google Bard provides a series of price targets for Shiba Inu and factors that could affect them. According to the chatbot, Shiba Inu could surge to $0.000015-$0.000020 if the approval of the Bitcoin ETF triggers a strong rally and optimism across the crypto market.
This scenario will be driven by rising Bitcoin prices, increased demand for Shiba Inu, and positive investor sentiment.
Alternatively, if the Shiba Inu price remains stable between $0.000010-$0.000012, if the Bitcoin ETF is approved it will have little impact on the market. Possible triggers for this outcome would be profit-taking, uncertainty and the limited utility of the Shiba Inu.
However, Google Bard also warned that Shiba Inu could fall to $0.000008-$0.000009 if the approval of the Bitcoin ETF fails to boost the market or trigger a correction. Notably, the market has plunged recently after rising, with SHIB down 3% in the past 24 hours.
Google Bard emphasized that these are just possible scenarios and the actual price of the Shiba Inu will depend on many factors outside of Bitcoin ETF approval. Google Bard recommends investors conduct their own research and seek professional financial advice before making any investment decisions.
ChatGPT predicts Shiba Inu price after BTC ETF approval
ChatGPT is more optimistic about the prospects of Shiba Inu. The chatbot predicts that the Shiba Inu can reach a staggering $0.001 price by the end of the year, thanks to advances in blockchain technology and growing mainstream acceptance.
ChatGPT points to the growing popularity of decentralized finance (DeFi) and the coin’s strong community support as key drivers behind this prediction. The AI chatbot acknowledges that the crypto market is highly dynamic and unforeseen events may impact Shiba Inu’s journey.
