Now many crypto traders and investors are wondering about the future price of the main cryptocurrency, and the fourth iteration of the OpenAI ChatGPT-4 chatbot was tasked with clarifying the situation.
ChatGPT-4 Bitcoin Price PredictionsTaking into account the impact on the price of the Bitcoin halving, the artificial intelligence (AI) chatbot studied the available information and made its forecast for the price of BTC after this event.
ChatGPT-4 noted that “when looking at historical trends, the price of Bitcoin has typically risen markedly in the year following the halving,” citing an example of the cryptocurrency rising from approximately $10 to $1,000 within a year of the 2012 halving.
The AI bot also noted that within a year of the 2016 halving, the price of Bitcoin rose from around $600 to $20,000, concluding that a similar increase could occur after the upcoming halving.
Given the trends, it is possible that the price of Bitcoin will rise after the 2024 halving. The forecast, based on historical price movement, indicates that BTC could reach $179,000 by August 2025.
ChatGPT-4 also acknowledged the difficulty of accurately predicting the impact of a halving “due to the influence of various economic, regulatory and technological factors,” so “it is important to keep in mind that these numbers are speculative and subject to a wide range of unpredictable factors.”
It is likely that Bitcoin will set a new all-time high in the six-digit range as early as 2024.
