Shiba Inu: ChatGPT Predicts SHIB Price If Bitcoin Hits $500,000
Bitcoin (BTC), the original cryptocurrency, will undergo its next halving cycle in April of this year. Many consider halving cycles bullish as they reduce the number of coins created, reducing supply and increasing demand. Many analysts anticipate a bullish ripple effect on the crypto market after BTC’s upcoming halving event. Other cryptocurrencies, such as Shiba Inu (SHIB), may also witness a rally as a consequence of the halving event.
Many analysts anticipate BTC to reach a new all-time high of $500,000, fuelled by the approval of 11 spot BTC ETFs (Exchange Traded Funds) by the SEC (Securities and Exchange Commission) in January and BTC’s halving in April.
According to the popular AI (Artificial Intelligence) chatbot ChatGPT, if Bitcoin (BTC) hits $500,000, Shiba Inu’s price could reach $0.0002- $0.0005. Reaching $0.0005 from current levels would translate to a growth of over 5500%.
$BTC $SHIB
