This year is quite interesting for the leading cryptocurrency Bitcoin (BTC). Within a few months, its price increased by tens of thousands of dollars and set a new record maximum above $7,000. This was facilitated by the approval in early January of the first spot exchange-traded funds in US history on BTC, which became the trigger for the cryptocurrency market. In about a month, the main cryptocurrency is expecting another halving, and, given the tendency of previous halvings to increase the price of BTC by ten, and sometimes a hundred times, some analysts do not rule out They expect BTC to grow to $150,000 by the end of the year. However, to get an impartial opinion, an artificial tool The intelligence company OpenAI ChatGPT set the task of determining whether the price of Bitcoin could reach $100,000 on the eve of the halving. ChatGPT-4 estimated the probability of receiving $100,000 worth of BTC before halving When estimating the target price at $100,000, the most advanced ChatGPT model took into account statistics, institutional interest, highlighted Bitcoin ETF, current market sentiment, as well as factors such as the global economy and technological achievements.
The influence of halving. Bitcoin halving reduces the reward of miners and the number of mined coins. As is known, a reduction in supply under conditions of stable or growing demand puts upward pressure on the price of an asset. However, the market’s anticipation of this event may lead to a speculative increase in the price of BTC even before the halving. Institutional and retail interest. The approval of a spot Bitcoin ETF could increase institutional and retail investment in the major cryptocurrency. Institutional investors contribute significant capital and can significantly influence the price. Retail interest often follows institutional investment, which also increases buying pressure. Market sentiment. The general sentiment in the cryptocurrency market is of decisive importance. If they are optimistic, supported by various economic factors, Bitcoin could receive positive momentum. Global economic environment. Macroeconomic factors, such as inflation rates, interest rates and economic stability, influence investments in assets such as BTC. If traditional markets face uncertainty, Bitcoin may be seen as a hedge, which will again increase its price. Ultimately, ChatGPT recognized the $100,000 target as plausible, indicating a 40% probability of this event occurring. According to AI calculations, the current correction has no effect on growth prospects and only confirms the inaccuracy of short-term forecasts. An alternative forecast from ChatGPT-4 is that during the same period of time, BTC will reach $85,000 with a probability of about 60%.
