Google Gemini, ChatGPT and Grok Predict Shiba Inu Price if Bitcoin Hits $500,000 as Predicted by Blo

Prominent AI chatbots Google Gemini, OpenAI’s ChatGPT and Grok from X, give varying price predictions for Shiba Inu if Bitcoin hits $500,000 as predicted by Bloomberg.

The leading business and market platform made this Bitcoin price prediction in a report last December. The prediction came up shortly after BTC crossed $42,000 in December 2023 after a period of sustained bearishness. Notably, Bitcoin had suffered bearish pressure throughout 2022 and 2023.

Bloomberg Sees Bitcoin at $500,000

As the market turned bullish, Bloomberg’s report cited encouraging projections and remarks from industry leaders. Amid the confidence, the report asserted that the upsurge last December marked the start of a super cycle that could take Bitcoin to $500,000.

Interestingly, such an increase would positively impact the broader market, with altcoins like Shiba Inu benefiting. This is due to the price correlation these altcoins have with Bitcoin. IntoTheBlock (ITB) confirms this close relationship. Data shows that SHIB has had an 87% price correlation with Bitcoin over the past 60 days.

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