Bitcoin

After venture capitalist and former CTO at <a href="https://finbold.com/guide/cryptocurrency-trading/" rel="noopener noreferrer nofollow">cryptocurrency trading</a> platform <a href="https://finbold.com/review/coinbase-review/" rel="noopener noreferrer nofollow">Coinbase</a> Balaji Srinivasan made a shocking claim that Bitcoin (<a href="https://finbold.com/cryptocurrency/bitcoin/" rel="noopener noreferrer nofollow">BTC</a>) could reach the price of $1 million in the following three months, many in the <a href="https://finbold.com/guides/cryptocurrency/" rel="noopener noreferrer nofollow">crypto</a> community became intrigued, wondering if his prediction could truly materialize.As the guesswork continued en masse, some analysts have turned to OpenAI’s text-based artificial intelligence (<a href="https://finbold.com/topic/artificial-intelligence/" rel="noopener noreferrer nofollow">AI</a>) platform <a href="https://finbold.com/topic/chatgpt/" rel="noopener noreferrer nofollow">ChatGPT</a> for suggestions, so the Finbold team decided to give it a shot as well, and the results were indeed <a href="https://finbold.com/guide/bull-market-definition/" rel="noopener noreferrer nofollow">bullish</a>, although far from the $1 million touted by some individuals.<h2 id="header-0">$300,000 in cards?</h2>As always, upon being asked to offer hypothetical average <a href="https://finbold.com/topic/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a> predictions for each year in the 2024-2030 period, ChatGPT warned it was only an AI language model and, as such, could not “predict future Bitcoin prices with certainty or accuracy,” but it ultimately did manage to deliver some interesting rounded up numbers.According to the figures provided by the AI tool, Bitcoin is expected to reach the price of $150,000 in 2024, adding around $25,000 every following year until it (speculatively) hits a very enticing number of $300,000 in 2030, as per the query posted on March 29.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/22370684f2e8499f90488f2ba20ed1e8.png" />Bitcoin 2024-2030 average price predictions. Source: ChatGPTAlthough this prognosis is indeed very optimistic, others have gotten even more bullish responses from ChatGPT. Specifically, Twitter user Priced in Bitcoin had earlier shared an exceptionally optimistic prediction reportedly retrieved from the chatbot, which sees the flagship decentralized finance (<a href="https://finbold.com/guide/liquidity-mining-definition/" rel="noopener noreferrer nofollow">DeFi</a>) asset changing hands at the price of $1 million by 2030.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/5f34fbfbdc9f4e409a89f6d8e719dcee.PNG" />As a reminder, this is the same number envisioned by Balaji Srinivasan, albeit on a much longer time scale. Having said that, Finbold was unable to replicate this same response by ChatGPT despite using diverse and numerous prompts.<h2 id="header-1">Bitcoin price analysis</h2>Meanwhile, Bitcoin is at press time trading at the price of $28,425, up 5.11% in the last 24 hours and 0.57% across the previous week, adding up to the gains of 20.75% on its monthly chart, as the maiden <a href="https://finbold.com/cryptocurrencies/" rel="noopener noreferrer nofollow">cryptocurrency</a> is nearing the $30,000 level and recording a ‘strong buy’ sentiment.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/7aaa76b491d04fac9387f128ad826d22.png" />Bitcoin 30-day price chart. Source: <a href="https://finbold.com/cryptocurrency/bitcoin/" rel="noopener noreferrer nofollow">Finbold</a>It should also be noted that Bitcoin has added nearly <a href="https://finbold.com/bitcoin-adds-30-billion-to-its-market-cap-in-a-day-is-btc-price-set-to-hit-30000/" rel="noopener noreferrer nofollow">$30 billion to its market capitalization</a> in a single day, although the Chief Market Strategist at InTheMoneyStocks.com, Gareth Soloway, <a href="https://finbold.com/pro-trader-says-bitcoin-to-dive-to-13k-before-major-rally-as-financial-crisis-2-0-unfolds/" rel="noopener noreferrer nofollow">believes</a> that it could drop below $13,000, possibly even as low as $9,000 in 2023 before another rally begins.Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.Read more cryptocurrency news on <a href="https://finbold.com/category/cryptocurrency-news/?utm_source&#61;CMC&amp;utm_medium&#61;social&amp;utm_campaign&#61;CMC&amp;utm_content&#61;long" rel="noopener noreferrer nofollow">Finbold.com</a>.

ChatGPT joins crypto hype, sets Bitcoin price at $300,000 by 2030

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Інші статті, опубліковані 30 бер. 2023 р.

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