ChatGPT claims Bitcoin will reach $100K this year, $135k next year

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Last Updated on 18 September 2023 by CryptoTips.eu

Earlier this week, Binance CEO Changpeng Zhao spoke about the future Bitcoin halving of April 2024 and wondered whether we could calculate what the price would be at that point. One of his followers asked AI program ChatGPT the same questions, and the program answered in a very bullish manner. It calculated a price of $135,000.

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Halving

According to ChatGPT, the artificial linguistic model based on data patterns and analysis, Bitcoin will reach its highest price to date in 2023 already, peaking between $100,000 and $120,000. After that, it will pause for a while to reach a price of $135,000 in April of 2024, the next halving.

The information emerged after a tweet from Binance CEO Changpeng Zhao, aka CZ.

He asked his followers what the next Bitcoin price would be after the 2024 halving. The halving is when the rewards for block mining are reduced by half and the supply of available Bitcoins is halved.

ChatGPT predicted the Bitcoin price by comparing historical prices after the first halving in November 2012 (price $12), the second halving in July 2016 (price $658), and the third halving in May 2020 (price $8,800). According to the sequential analysis, the program then arrives at a calculation of approximately $135,000.

Bullish market trend

The positive outlook is supported by a number of elements, such as the current bullish market trend, rising levels of widespread use of digital currencies such as Bitcoin, Ethereum and other and lastly, increasing institutional investment.

Other followers asked ChatGPT more detailed questions about the price trend and it was revealed that the AI ​​program now believes that Bitcoin will reach $ 100,000 by the end of this year.

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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