đđ We Asked ChatGPT if Bitcoin (BTC) Can Hit $100K if the US Fed Lowers Interest Rates: đ±đ±đ±đ±đ±đ±đ±đđđ
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đ„đ„ Key points:
âąA potential interest rate cut by the U.S. Federal Reserve could boost the crypto market, possibly pushing BTC toward a new all-time high.
âą Some experts argue that the positive impact of the effort might be temporary, suggesting that raising the benchmark could be more beneficial for the economy.
The popular AI-powered chatbot â ChatGPT â also claimed that lowering the interest rates in the US may propel a bull run for digital assets, particularly Bitcoin (BTC). In fact, it estimated that the price of the primary cryptocurrency could reach an all-time high of $100,000 following the effort:
âLower interest rates often lead to improved sentiment toward riskier assets like Bitcoin. If investors expect easier monetary conditions, they might be more inclined to allocate capital to Bitcoin, potentially driving its price higher.â
However, ChatGPT warned that this outcome is not guaranteed and will depend on various other factors. It assumed that a pivot from the Fed could weaken the US dollar.
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