ChatGPT predicts Bitcoin price for start of 2024 🔥🔥
While Bitcoin (BTC) experienced a significant rally in the second half of October, it has so far failed to stay above the coveted price of $36,000 despite rising above it on several occasions in the previous week.
Many other cryptocurrencies have performed similarly having risen significantly in recent days but mostly plateauing since the beginning of November.
In turn, Finbold decided to consult OpenAI’s predictive language model – ChatGPT – on whether the Bitcoin bulls or bears have a stronger case and just where the world’s largest cryptocurrency might be on January 1, 2024.
When asked what the price of BTC at the beginning of the next year might be, ChatGPT quickly pointed out that while it isn’t very likely, the world’s foremost cryptocurrency doubled since January 1 and may do so again in the next two months.
ChatGPT addresses Bitcoin bulls and bears
When addressing bullish arguments, OpenAI’s flagship product specifically mentioned the current bullish market sentiment, the fact that we are in an uptrend, and the upcoming Bitcoin halving.
ChatGPT lays out three main scenarios
When prompted to estimate the likeliest prices for Bitcoin on January 1, 2024, ChatGPT offered three possible outcomes – a bullish scenario, a bearish scenario, and a stable scenario.
We also prompted the AI to tell us which price is considered the most likely given the developments in the crypto market throughout 2023. Surprisingly, it turned out that its stable scenario is not only the most likely but also slightly bullish itself – a range between $40,000 and $50,000.
ChatGPT also expressed its assessment that even the worst-case scenario will not see Bitcoin below $25,000 on January 1. It, however, also does not believe it can go above $60,000 within the next two months.
