2024

Bitcoin

when

<div class="finbold">
 <p class="paragraph">While the crypto community has been mostly certain that Bitcoin (BTC) will see a significant rise in price in the leadup to the upcoming halving event as well as in its wake – and has, so far, been proven correct – the coin’s fate later in the year remains uncertain.</p>
 <p class="paragraph">On the one hand, the world’s foremost cryptocurrency has, historically, surged tenfold – and sometimes even a hundredfold – after the cyclical supply reduction.&nbsp;</p>
 <p class="paragraph">On the other, Bitcoin has never had $57,000 as its halving jump off price, indicating that 2024 could either bring a major disappointment to crypto traders or the coming to fruition of some of the most bullish predictions made so far.</p>
 <div class="border border-red-300 rounded-xl p-6 not-prose mb-6">
  <h3 class="text-2xl font-black mt-0 flex gap-x-3 mb-5">
   <svg width="32" height="32" viewbox="0 0 32 32" fill="none" xmlns="//www.w3.org/2000/svg"><path d="M4 10.6665V25.3332C4 28.2678 6.392 29.3332 8 29.3332H28V26.6665H8.016C7.4 26.6505 6.66667 26.4078 6.66667 25.3332C6.66667 24.2585 7.4 24.0158 8.016 23.9998H28V5.33317C28 3.8625 26.804 2.6665 25.3333 2.6665H8C6.392 2.6665 4 3.73184 4 6.6665V10.6665ZM8 5.33317H25.3333V21.3332H6.66667V6.6665C6.66667 5.59184 7.4 5.34917 8 5.33317Z" fill="#EF4444"> 
    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
    </path>
   </svg> Picked for you</h3>
  <div class="grid md:grid-cols-2 gap-x-10 gap-y-3 md:gap-y-5 divide-y divide-gray-300 md:divide-y-0">
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Brace for strong XRP surge; Here’s why <span class="self-center text-xs text-slate-500">3 mins ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    3 cryptocurrencies to turn $100 into $1,000 in March <span class="self-center text-xs text-slate-500">2 hours ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    This US politician just sold nearly $1 million worth of crypto <span class="self-center text-xs text-slate-500">3 hours ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    $1,000 invested in Bitcoin (BTC) at start of 2024 returned <span class="self-center text-xs text-slate-500">4 hours ago</span>
   </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">In this climate of mid-term certainty and long-term uncertainty, Finbold decided to ask both main modes of OpenAI’s flagship artificial intelligence (AI) platform – ChatGPT – where Bitcoin might find itself in the relative long term: at the tail end of 2024.</p>
 <h2 class="wp-block-heading" id="h-chatgpt-3-5-and-chatgpt-4-clash-on-nbsp-btc-december-price">ChatGPT 3.5 and ChatGPT-4 clash on&nbsp; BTC December price</h2>
 <p class="paragraph">After getting a recap of Bitcoin’s comings and goings in the time following its data breaks off point – January 2022 – ChatGPT 3.5 was quick to estimate that Bitcoin will likely find itself somewhere between $60,000 and $65,000 at the end of December.</p>
 <p class="paragraph">While the AI did not elaborate on whether the world’s foremost cryptocurrency would reach a new all-time high this year, its year-end <a rel="noopener noreferrer nofollow" title="prediction" href="https://thebittimes.com/tag/prediction.html">prediction</a> demonstrates that ChatGPT does not consider BTC exiting 2024 above former all-time highs to be likely.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/Ot3fkuneflI10sWsRVdsklrgQpSKBAk_FvFoHqija1BAWG6lYhjO03au5R3GhMlI2YyUV6lR79QeNrib1rm7DIRwMrd1KZWtxMBf0xxqiJwzNbxEJ1Uk1cuyCuxUzH1MRyBzpVe5Nlac8pM9Nh2fDpg" alt>
  <figcaption class="wp-element-caption">
   ChatGPT 3.5 general BTC prediction. Source: Finbold and ChatGPT 3.5
  </figcaption>
 </figure>
 <p class="paragraph">When working to justify its <a rel="noopener noreferrer nofollow" title="prediction" href="https://thebittimes.com/tag/prediction.html">prediction</a>, ChatGPT 3.5, along with mentioning broader factors such as the regulatory environment and vague technological advances, pinpointed the upcoming Bitcoin halving as the major driver for the <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> of Bitcoin.</p>
 <p class="paragraph">On the other hand, if ChatGPT 3.5 proved cautious when it comes to predicting BTC’s price at the end of 2024, ChatGPT-4 was downright bearish. While it offered the same factors when justifying the prediction as its older iteration did, the premium model settled for a price range that would, at its lower end of $55,000, represent almost a 4% decline from the press time price and, at the higher end of $58,000, an upside of less than 2%.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/_AFbyR5kL_7iFvJBPmRfTasr3tLrKPuy9yGj1Lah2BLDQSXz7OwzUjjljMtkr5mNho1yoBqGmVuS8y2rPD4izmejcnzq3Lquwq3Fpqm2j1a-MLx8eXGNzRpTuUuMejAVzaDSPPEjdQ1149n4o_4hxKw" alt>
  <figcaption class="wp-element-caption">
   ChatGPT 4 general BTC prediction. Source: Finbold and ChatGPT-4
  </figcaption>
 </figure>
 <h2 class="wp-block-heading" id="h-chatgpt-4-and-3-5-btc-bull-case-head-to-head">ChatGPT-4 and 3.5 BTC bull case head-to-head</h2>
 <p class="paragraph">Given the extreme caution it displayed with its general <a rel="noopener noreferrer nofollow" title="prediction" href="https://thebittimes.com/tag/prediction.html">prediction</a>, ChatGPT-4 was also asked to build a strong but plausible bull scenario for Bitcoin throughout 2024.&nbsp;</p>
 <p class="paragraph">Despite these parameters – and despite assuming that the halving’s impact will be as strong as it was historically – the AI model elected to stick to a fairly conservative <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> range between $70,000 and $75,000 for BTC on December 31, 2024.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/DI24mLg_42_TJ5__I0Rc1pVBYTIjSCdWegVvMQlne0AZ97VBvYsU9qSS06Ec65DiTthA49vlhG41SxunTeyOSw-RzuV5xF55qpCvE3T6WCThUrbkR6SZh_NRX_HZ9dji5xwmLE31Z5fqMHzphaA0FGI" alt>
  <figcaption class="wp-element-caption">
   ChatGPT 4 bullish BTC prediction. Source: Finbold and ChatGPT-4
  </figcaption>
 </figure>
 <p class="paragraph">Perhaps surprisingly, given its higher general prediction, ChatGPT 3.5 estimated the exact same price range as the outcome of its more bullish scenario. The older model, however, also added the possibility of widespread institutional adoption as a likely driving factor for a more significant 2024 rally.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/Rf7_hNk4dzMIIeLcxT9mu2Pt7YSwNWg2OizmOz3BhAwBCjQ64I-e_ie7E-luZBEeElaMLrJQs3DGasrxCgeEzZBi8PhdeJsfrzWGOKruCS1ArPgpg5z1-44d3FzZHB8udBhJdp8aarfQAt4Eef4nHJY" alt>
  <figcaption class="wp-element-caption">
   ChatGPT 3.5 bullish BTC prediction. Source: Finbold and ChatGPT 3.5
  </figcaption>
 </figure>
 <h2 class="wp-block-heading" id="h-chatgpt-4-and-3-5-btc-bear-case-head-to-head">ChatGPT-4 and 3.5 BTC bear case head-to-head</h2>
 <p class="paragraph">Finally, when asked about a plausible bearish trajectory for Bitcoin in 2024, ChatGPT 3.5 assessed that a renewed regulatory crackdown, a major technological setback, or a broader crisis in the economy – especially now that the SEC approved multiple spot BTC exchange-traded funds (ETFs) – could negate the halving-driven momentum and see the coin fall as low as $40,000 by the end of the year.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/F3kDYi-wwvN426UGTNZ1ysosR3B77PIILUaz5kVA4QIcQm-FCFWtnU7U8nc6zAMCxjfCpXp2Rx7aM8c2TRuACgHIo6n9Ku-Ev68L0gBFSGF4tNIAPaoF4omeiO72sQHnJzInZpQGjs0D-B1H4FI0ADs" alt>
  <figcaption class="wp-element-caption">
   ChatGPT 3.5 bearish BTC prediction. Source: Finbold and ChatGPT 3.5
  </figcaption>
 </figure>
 <p class="paragraph">ChatGPT-4 used the same justification as the older variant of the AI when presenting its own bearish scenario, though it added the danger of excessive profit-taking amidst the current rally as a major risk factor.</p>
 <p class="paragraph">Ultimately, the premium model of OpenAI’s platform assessed that should one of the bearish factors have a major impact, Bitcoin might drop as low as $30,000 by December 31, 2024.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/FFQ6zpvLe01SN4renQaeZNDdhl4kewrQ3ww2_H5YejEAnRlVqI_zEySrgPSHc5SZirVCMb8faIJugCN3cqbZt9hvNhFkz1xtQ6k_k_NK8JdT-7Vyrc94OSqMOiVkQPFnjcj77EEOWpCmAa1sNmoqX8Y" alt>
  <figcaption class="wp-element-caption">
   ChatGPT 4 bearish BTC prediction. Source: Finbold and ChatGPT-4
  </figcaption>
 </figure>
 <p class="paragraph">Despite their caution and the seeming pessimism across the board, neither of the two AI models considered it likely that Bitcoin might fall to its “crypto winter” lows near $15,000.</p>
 <h2 class="wp-block-heading" id="h-btc-price-chart">BTC price chart</h2>
 <p class="paragraph">While the end of 2024 is still 10 months away – and predicting the precise value of Bitcoin so far in advance is difficult – it is evident that BTC has been doing well since January 1. Excluding a brief but significant downturn in the first weeks of January, the world’s foremost cryptocurrency is 29.64% in the green year-to-date.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/lPLXK24exmVj5wzpvyiWsjh5h0FijWnmMt542otrHgDlsNisy84qfg4lodv3xdOj7oPDuJr2FSmTsySS-2zn0Fbuxx1Mq1TF5a5CM2hHmprOEq0_YlBIDzKlFJrbXgI3gl3Bg51As6kHk1EQysjhYbs" alt>
  <figcaption class="wp-element-caption">
   BTC YTD price chart. Source: Finbold
  </figcaption>
 </figure>
 <p class="paragraph">Additionally, while trading close to $51,000 through much of February, Bitcoin suddenly surged late on Monday, February 26, and rose an impressive 11.40% to $56,947 in the 24 hours leading up to the time of publication on February 27.</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>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/chatgpt-3-5-vs-chatgpt-4-bitcoin-price-prediction-for-end-of-2024-tbt80931.html">https://thebittimes.com/chatgpt-3-5-vs-chatgpt-4-bitcoin-price-prediction-for-end-of-2024-tbt80931.html</a></p>

ChatGPT 3.5 vs. ChatGPT-4 Bitcoin price prediction for end of 2024

Table of Contents

TheBitTimes

Other articles published on Feb 27, 2024

MicroStrategy Looks At Bitcoin As The Most Superior Asset

Polygon price hits 2024 peak as defi markets pull $30b inflows

Why will lending platforms soar in 2024? Will Kelexo (KLXO) outperform the likes of Shiba Inu (SH...

Most Trending Cryptocurrencies on Polygon – Voxies Token, Proxies, Turnup

DEXTools Crypto: Can DEXT Token Price Display A Uptick Again?

How Protocols Are Interconnected on the Blockchain

Join our free newsletter for daily crypto updates!