We asked ChatGPT to predict the Bitcoin price for end of June 2023

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Last Updated on 6 November 2023 by CryptoTips.eu

In the first week of the year, I got up in the middle of the night to get a Bitcoin analysis from ChatGPT. Back then, the AI program had only just started and except for early morning hours (when Asia was online) you had to wait in line to get access. If you wanted to talk to ChatGPT, you had to get up very early, which is what I did.

Six months later and ChatGPT is more readily available can now be reached on a normal afternoon. Let’s see if it knows anything more about Bitcoin yet.

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Various factors

We asked the following questions:

What will be the bitcoin price end of June 2023?

ChatGPT: As an AI language model, I don’t have access to real-time data or the ability to predict future events such as the price of Bitcoin at the end of June 2023. Bitcoin’s price is influenced by various factors, including market demand, regulatory developments, macroeconomic conditions, and investor sentiment, among others. These factors can be highly unpredictable and subject to rapid change. It’s advisable to consult financial experts or utilize specialized platforms for accurate and up-to-date information on cryptocurrency prices.

SEC versus Binance

Is Bitcoin a good investment?

ChatGPT: Bitcoin has experienced significant growth and volatility since its inception, and some investors have achieved substantial returns.

How do you feel about Bitcoin in June 2023?

ChatGPT: Being the first cryptocurrency, Bitcoin has made a name for itself as a standard for the whole cryptocurrency industry and a digital store of value. Bitcoin’s performance becomes a key indicator of market sentiment during bearish periods.

ChatGPT revealed furthermore that while Bitcoin is not immune to market downturns, it exhibits more stability than other cryptocurrencies. This can be attributed to its large market capitalization, institutional interest, and perception of Bitcoin as a safe-haven asset.

Finally, we asked ChatGPT how the SEC’s lawsuit against Binance and Coinbase would turn out, but that turned out to be a bit too ambitious for the AI model. A comprehensive technical analysis is still not possible, but it is nice to see that the program already knows something more about Bitcoin just six months later.

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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