AI adapts price prediction Bitcoin and Ethereum for end of 2023 because of banking crisis

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Last Updated on 6 November 2023 by CryptoTips.eu

AI or Artificial Intelligence is very hot in 2023. Self-driving taxis in San Francisco, programs such as ChatGPT and Dall-E which can one day take over creative jobs and now even machine-learning programs to predict the prices of stocks and crypto. It is a real fashion trend in 2023. There is also an AI program to predict crypto prices.

And thanks to the banking crisis, the forecast for the end of 2023 is being adjusted upwards.

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Singularity

Singularity is the moment when the intelligence of AI would exceed the combined intelligence of all mankind. Thanks to the popularity of AI, it is a trendy topic. Even Elon Musk tweeted about it again this week, although his meme doesn’t seem to take a very positive look at singularity.

According to Elon that particular moment will be a very dangerous one. Luckily we aren’t there yet.

Parameters

At the beginning of March, we introduced you to the AI price prediction tool for Bitcoin and Ethereum and showed you the expected price for the end of 2023.

Back then the program calculated that by the end of 2023, the price of Bitcoin would be $39,000 and Ethereum would be $2,300. A very nice profit. That forecast has now been adjusted again, in an even more positive sense.

The machine learning technology includes prediction models and learning systems. The prediction model is designed with parameters that allow the computer to make decisions. Now that bank shares are falling and Bitcoin is rising at this happens, AI is also adjusting its price prediction for the end of 2023 again.

At the moment, the AI program thinks Bitcoin will hit $57,000 by the end of this year and Ethereum $2,900.

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / [email protected]
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