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We asked ChatGPT-4o what will be Bitcoin price at the end of 2024; Here’s what it said
The post We asked ChatGPT-4o what will be Bitcoin price at the end of 2024; Here’s what it said appeared on BitcoinEthereumNews.com. Given the high hopes that persisted through much of 2024 stemming from the approval of spot exchange-traded funds (ETFs), the reaching of a new all-time high (ATH) in March, and the April halving event, there has been a surprising amount of drama and uncertainty surrounding Bitcoin (BTC) in recent weeks. Indeed, while earlier analyses predicted Bitcoin would hit $100,000 in no time, and some of the cryptocurrency’s bigger bulls estimating it can reach $300,000 by the end of 2024, the debate has shifted on whether the coin can even hold above $60,000 or if BTC will need to find its footing at the $52,000 support level. Though the change in attitude is hardly surprising given BTC’s protracted struggle to hold its own in the crypto market and its recent, short-lived fall below $57,000, it has left little clarity to crypto traders about what is next for the world’s premier cryptocurrency. BTC YTD price chart. Source: Finbold In its quest to find at least some answers about what may lie ahead, Finbold decided to consult the most advanced version of OpenAI’s flagship artificial intelligence (AI) platform – ChatGPT-4o – about where Bitcoin might stand at the tail-end of 2024. ChatGPT sets BTC price for end of 2024 After analyzing Bitcoin’s performance in 2024 and beyond, ChatGPT offered a cautiously bullish prediction for where BTC might stand in December. According to the AI, the coin is most likely to find itself in the range between $80,000 and $85,000 by the year’s end given that Bitcoin price today stands at $61,711. ChatGPT offers its main year’s end Bitcoin price target. Source: Finbold and ChatGPT Given that it cited the long-term effects of the halving, the likely institutional adoption and regulatory clarity, and the broader economic uncertainty – all factors used by many other…
The post We asked ChatGPT-4o what will be Bitcoin price at the end of 2024; Here’s what it said appeared on BitcoinEthereumNews.com.
Given the high hopes that persisted through much of 2024 stemming from the approval of spot exchange-traded funds (ETFs), the reaching of a new all-time high (ATH) in March, and the April halving event, there has been a surprising amount of drama and uncertainty surrounding Bitcoin (BTC) in recent weeks. Indeed, while earlier analyses predicted Bitcoin would hit $100,000 in no time, and some of the cryptocurrency’s bigger bulls estimating it can reach $300,000 by the end of 2024, the debate has shifted on whether the coin can even hold above $60,000 or if BTC will need to find its footing at the $52,000 support level. Though the change in attitude is hardly surprising given BTC’s protracted struggle to hold its own in the crypto market and its recent, short-lived fall below $57,000, it has left little clarity to crypto traders about what is next for the world’s premier cryptocurrency. BTC YTD price chart. Source: Finbold In its quest to find at least some answers about what may lie ahead, Finbold decided to consult the most advanced version of OpenAI’s flagship artificial intelligence (AI) platform – ChatGPT-4o – about where Bitcoin might stand at the tail-end of 2024. ChatGPT sets BTC price for end of 2024 After analyzing Bitcoin’s performance in 2024 and beyond, ChatGPT offered a cautiously bullish prediction for where BTC might stand in December. According to the AI, the coin is most likely to find itself in the range between $80,000 and $85,000 by the year’s end given that Bitcoin price today stands at $61,711. ChatGPT offers its main year’s end Bitcoin price target. Source: Finbold and ChatGPT Given that it cited the long-term effects of the halving, the likely institutional adoption and regulatory clarity, and the broader economic uncertainty – all factors used by many other…
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