Cryptocurrency

Bitcoin

<div class="finbold"> 
 <p class="paragraph">With the revival of interest in artificial intelligence (AI) set off by OpenAI launching its AI platform ChatGPT, such tools have shown the capability to provide insights into today’s markets, including the price of Bitcoin (BTC) after its <a rel="noopener noreferrer nofollow" title="halving" href="https://thebittimes.com/tag/halving.html">halving</a> in 2024.</p> 
 <div></div> 
 <p class="paragraph">Indeed, Finbold has asked ChatGPT for possible price ranges for Bitcoin following the <a rel="noopener noreferrer nofollow" title="halving" href="https://thebittimes.com/tag/halving.html">halving</a> event, during which the reward for mining the proof-of-work (PoW) cryptocurrency using crypto mining machines will reduce to half of what it is now.</p> 
 <h2 class="wp-block-heading" id="h-post-halving-scenarios">Post-halving scenarios</h2> 
 <p class="paragraph">According to ChatGPT, there are three possible, highly speculative, and very wide scenarios for the price of the decentralized finance (DeFi) asset after the <a rel="noopener noreferrer nofollow" title="halving" href="https://thebittimes.com/tag/halving.html">halving</a> in 2024 “because the cryptocurrency market is highly volatile and influenced by numerous unpredictable factors.”</p> 
 <p class="paragraph">Specifically, the AI tool’s optimistic case, “where Bitcoin experiences significant mainstream adoption, favorable regulatory developments, and increased institutional investment, the price could potentially reach anywhere from $50,000 to $500,000 or even higher by the end of 2024.”</p> 
 <div class="not-prose relative overflow-auto scrollbar-hide mb-8 mt-8"> 
  <div class="relative w-full flex gap-6 snap-x snap-mandatory overflow-x-auto"> 
   <div class="max-w-[300px]"> 
    <div class="py-0 first:pt-0 last:pb-0"> 
     <div class="flex gap-x-4"> 
      <div class="shrink-0  w-24"> 
       <img data-src="https://cdn.thebittimes.com/images/2023/09/29/1116352fb4325a33671a17ea34649f87.webp" alt class=" w-full rounded-md lazy"> 
      </div> 
      <div>
        Finance 
       <h3 class="font-bold leading-6 " id="us-dollar-outperforms-g20-fiat-currencies-what-about-bitcoin"> US dollar outperforms G20 fiat currencies; What about Bitcoin? </h3> 
       <div class="sm:flex gap-x-3 mt-2"> 
       </div> 
      </div> 
     </div> 
    </div> 
   </div> 
   <div class="max-w-[300px]"> 
    <div class="py-0 first:pt-0 last:pb-0"> 
     <div class="flex gap-x-4"> 
      <div class="shrink-0  w-24"> 
       <img data-src="https://cdn.thebittimes.com/images/2023/09/29/3b5f6f59536f44c044a4c5469e63729f.webp" alt class=" w-full rounded-md lazy"> 
      </div> 
      <div>
        Cryptocurrency 
       <h3 class="font-bold leading-6 " id="3-ways-to-leverage-new-chatgpt-features-for-crypto"> 3 ways to leverage new ChatGPT features for crypto </h3> 
       <div class="sm:flex gap-x-3 mt-2"> 
       </div> 
      </div> 
     </div> 
    </div> 
   </div> 
   <div class="max-w-[300px]"> 
    <div class="py-0 first:pt-0 last:pb-0"> 
     <div class="flex gap-x-4"> 
      <div class="shrink-0  w-24"> 
       <img data-src="https://cdn.thebittimes.com/images/2023/09/29/b5709fab725ca8e37a465f1d075cc80c.webp" alt class=" w-full rounded-md lazy"> 
      </div> 
      <div>
        Cryptocurrency 
       <h3 class="font-bold leading-6 " id="r-kiyosaki-bitcoin-will-become-priceless-when-cbdc-enters-market"> R. Kiyosaki: Bitcoin will become priceless when CBDC enters market </h3> 
       <div class="sm:flex gap-x-3 mt-2"> 
       </div> 
      </div> 
     </div> 
    </div> 
   </div> 
   <div class="max-w-[300px]"> 
    <div class="py-0 first:pt-0 last:pb-0"> 
     <div class="flex gap-x-4"> 
      <div class="shrink-0  w-24"> 
       <img data-src="https://cdn.thebittimes.com/images/2023/09/29/5df2287d5ed5033f129c61b25de9efa2.webp" alt class=" w-full rounded-md lazy"> 
      </div> 
      <div>
        Cryptocurrency 
       <h3 class="font-bold leading-6 " id="record-3-out-of-4-bitcoins-are-held-by-long-term-investors"> Record: 3 out of 4 Bitcoins are held by long-term investors </h3> 
       <div class="sm:flex gap-x-3 mt-2"> 
       </div> 
      </div> 
     </div> 
    </div> 
   </div> 
   <div class="max-w-[300px]"> 
    <div class="py-0 first:pt-0 last:pb-0"> 
     <div class="flex gap-x-4"> 
      <div class="shrink-0  w-24"> 
       <img data-src="https://cdn.thebittimes.com/images/2023/09/29/c0afaec5223e09aafaabd2db9e61306d.webp" alt class=" w-full rounded-md lazy"> 
      </div> 
      <div>
        Stocks 
       <h3 class="font-bold leading-6 " id="chatgpt-predicts-tesla-stock-price-after-cybertruck-launch"> ChatGPT predicts Tesla stock price after Cybertruck launch </h3> 
       <div class="sm:flex gap-x-3 mt-2"> 
       </div> 
      </div> 
     </div> 
    </div> 
   </div> 
  </div> 
 </div> 
 <div class="mb-4 bg-slate-50 rounded-md layout-adjustment"> 
  <div id="finbold.com_middle" style="min-width: 300px; min-height: 250px;"> 
  </div> 
 </div> 
 <p class="paragraph">On the other hand, ChatGPT’s pessimistic scenario sees “regulatory hurdles, security issues, or a general downturn in the cryptocurrency market,” which might send the price of Bitcoin into a range between $10,000 and $50,000 or lower by the end of 2024.</p> 
 <p class="paragraph">However, the moderate scenario by OpenAI’s tool could see the maiden crypto asset reach a price of somewhere between $30,000 and $150,000 by the end of 2024, provided the adoption and the general atmosphere in the crypto and macro sectors allow for such a turn of events.</p> 
 <figure class="wp-block-image aligncenter"> 
  <img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh3.googleusercontent.com/Sk_GYiF5T8V-0PofXHUKhNd-7nyn-w4fEpFVIYdAaokYRptsz38WYwwkQsXwk6BN_m_v5CIrFjadYv16-w0L2_94SS1S9a3cF8yeai8R9iLUzsNVxweWnz47bC_Aqcppod6IEhtUGe6sHwM16LRc560" alt> 
  <figcaption class="wp-element-caption"> <em>Possible price of Bitcoin after halving. Source: ChatGPT</em> 
  </figcaption> 
 </figure> 
 <h2 class="wp-block-heading" id="h-bitcoin-price-analysis">Bitcoin price analysis</h2> 
 <p class="paragraph">Meanwhile, Bitcoin was at press time changing hands at the price of $27,003, recording an increase of 1.84% in the last 24 hours and gaining 1.55% across the previous seven days as it moves to reverse the 1.2% decline from its monthly chart, as per data on September 29.</p> 
 <figure class="wp-block-image aligncenter"> 
  <img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh4.googleusercontent.com/PUJmOhfY_YDKelif4RmVeDTn5QM392dDlDJkuc6JamFu5ewHBIDyOo4mbimx3sQ1XJNwOJjJFYwNLRHvoaQdsj_RnWsIW4rCepPVAyXEoNYQ-bRGk4nfuHG1pitvK32-oQ5Y3MwPgmlwOS_upXGLp3k" alt> 
  <figcaption class="wp-element-caption"> <em>Bitcoin 7-day price chart. Source: </em><em>Finbold</em> 
  </figcaption> 
 </figure> 
 <p class="paragraph">All things considered, as ChatGPT pointed out, the above trading ranges are very wide due to the volatility of this market, which is why it is important to carry out one’s own research and examine one’s risk tolerance before making any major investment decisions.</p> 
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p> 
 <p class="paragraph"> </p> 
</div> 
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/2024-bitcoin-forecast-by-chatgpt-insights-on-the-post-halving-future-tbt64539.html">https://thebittimes.com/2024-bitcoin-forecast-by-chatgpt-insights-on-the-post-halving-future-tbt64539.html</a></p>

2024 Bitcoin forecast by ChatGPT: Insights on the post-halving future

Table of Contents

TheBitTimes

Other articles published on Sep 29, 2023

VanEck Previews Ethereum Futures ETF with Quirky TV Ads Amid Anticipation of Early Launch

VanEck Previews Ethereum Futures ETF with Quirky TV Ads Amid Anticipation of Early Launch

Here’s a Clear Roadmap for Knowledge and Skills to Becoming a Blockchain Expert

Valkyrie Granted SEC Approval for Historic Ethereum Futures ETF, a First in Crypto

ETH Reaches 3-Week High After Valkyrie Includes Ether Futures In ETF

WuBlockchain Weekly: Binance Completely Exits Russia, MicroStrategy Acquires Over 5,000 More BTC,...

Join our free newsletter for daily crypto updates!