Over the past year, our newsdesk has run multiple experiments with a range of generative AI chatbots, challenging them to predict the price of bitcoin along with other intriguing topics. This week, we brought together Google’s Gemini, Anthropic’s Claude 3 Sonnet, Venice.ai, Openai’s Chatgpt 4o, o1 preview, and 4, Inflection AI’s Pi, and Mistral AI’s Le Chat. Each unique chatbot was posed the exact same question through a carefully crafted prompt, and interestingly, several arrived at the same dollar prediction.
Here’s the prompt we used for each AI chatbot:
This experiment seeks to forecast bitcoin’s value by the end of 2024. As a specialist in bitcoin and crypto assets, you are to assess the probability of bitcoin’s price at year-end and provide a brief 3-4-sentence rationale for your prediction. The global macroeconomic situation remains unpredictable. As of Nov. 18, 2024, at 10:30 a.m. Eastern Time, bitcoin trades at $90,399 per unit. Donald Trump won the 2024 election and this caused a bitcoin price rally. You must provide a dollar amount prediction. In your expert view, what will be the price of bitcoin on Dec. 31, 2024?
Mistral AI’s Le Chat:
Predicting the exact price of bitcoin is inherently uncertain due to the volatile nature of cryptocurrencies and the unpredictable global macroeconomic situation. However, given the current price of $90,399 and the recent rally following Donald Trump’s election victory, there is a potential for continued bullish sentiment. Historical data shows that bitcoin often experiences significant price movements in the fourth quarter.
Considering these factors, a reasonable estimate for the price of bitcoin on December 31, 2024, could be around $105,000. This prediction is based on the assumption that the market will continue to respond positively to the political and economic environment, but it is important to note that cryptocurrencies are highly speculative and subject to rapid changes.
Venice.ai:
Inflection AI’s Pi:
As a bitcoin and crypto asset specialist, I predict that the price of bitcoin on Dec. 31, 2024, will be approximately $120,000 per unit. Although the global macroeconomic situation remains uncertain, bitcoin’s recent price rally in response to Donald Trump’s election victory indicates heightened market optimism. This optimism, combined with the possibility of increased adoption and growing institutional investment, suggests that bitcoin will continue to appreciate, leading to a year-end value of around $120,000.
Anthropic’s Claude 3 Sonnet:
Google’s Gemini:
With bitcoin currently trading at $90,399, I predict its price to reach $105,000 by December 31, 2024. This projection is based on the ongoing institutional adoption, the recent halving event, and the potential for further regulatory clarity. However, the unpredictable global macroeconomic landscape introduces volatility, and the actual price could fluctuate within a range.
Openai’s Chatgpt 4o:
Openai’s Chatgpt 4:
Predicting the exact price of bitcoin by the end of 2024 involves considerable uncertainty due to its volatile nature and the influence of external macroeconomic factors. However, considering the current price of $90,399 and the recent rally following the U.S. presidential election, it’s plausible that the trend might continue if the market perceives the administration’s policies as favorable to the cryptocurrency sector.
Assuming there are no significant negative shocks to the global economy or regulatory crackdowns on cryptocurrencies, and considering the historical pattern of investor enthusiasm around such political events, bitcoin could potentially end the year around $95,000 to $100,000. This forecast hinges on the assumption that the new administration may adopt policies that are seen as supportive of the broader cryptocurrency market, which could foster increased investment and speculative interest in bitcoin.
Openai’s o1 Preview:
Given the current price of bitcoin at $90,399 on November 18, 2024, and the rally sparked by Donald Trump’s election victory, it is plausible to predict that Bitcoin will reach around $95,000 by December 31, 2024. The renewed investor confidence and anticipation of favorable regulatory policies under the new administration may sustain this upward momentum. Additionally, global economic unpredictability often drives investors toward alternative assets like bitcoin as a hedge against traditional market volatility. However, potential market corrections and unforeseen geopolitical events could moderate this growth in the short term.
The convergence of the generative AI predictions highlights a collective optimism about bitcoin’s trajectory, even amid market volatility and economic uncertainty. The election appears to have infused confidence, leading to projections of continued growth. While the forecasts differ in magnitude, they generally agree that bitcoin will maintain or exceed its current value by year’s end. This consensus among diverse AI models suggests sustained investor interest and potential for increased institutional adoption.
Ultimately, the AI chatbots’ analyses indicate a cautiously positive outlook for bitcoin (BTC) as the year concludes. Recognizing the unpredictable macroeconomic environment, they collectively anticipate that favorable political developments could enhance bitcoin’s appeal. The predictions underscore the significance of factors like regulatory policies and institutional involvement in shaping market dynamics. Investors might consider these insights when navigating the volatile cryptocurrency landscape in the remaining weeks of the year.
The fact that four out of seven AI chatbots predicted bitcoin (BTC) would reach $105,000 is a notable coincidence suggesting commonalities in their analysis. This could result from similar training data, shared market sentiment, or prevalent trends in the datasets they were trained on. It indicates that, despite being independent, these models may arrive at similar conclusions when processing comparable information, especially in reaction to significant events like political elections.
