🤖Artificial Intelligence Predicts Bitcoin Price by End of Year

OpenAI has unveiled its latest cutting-edge model, o1. To test its capabilities, the tool was tasked with predicting the price of Bitcoin (BTC) by the end of 2024.

•In its optimistic forecast, o1 believes that Bitcoin could “experience significant upward momentum” with a rise above its all-time high. The conservative forecast suggests that BTC will be in the range of $80,000 to $100,000 by the end of the year.

•The pessimistic forecast indicates that the price of Bitcoin will be between $60,000 and $70,000 at the end of December 2024.

💡The bullish forecast of the OpenAI AI model is based on several significant factors. The first two are the April halving and the launch of a spot Bitcoin ETF.