ChatGPT Predicts Bitcoin to Hit $100,000
Date: 2024-11-04 Author: Oliver Abernathy Categories: CRYPTO PAYMENTS
ChatGPT's AI predicted that the Bitcoin price will rise to $100,000, approximately between July and December 2025. Several key factors formed the basis of the forecast:
First, the Bitcoin price usually increases significantly within 18 months after the halving. The last block reward reduction occurred in April 2024, which creates a supply shortage that traditionally contributes to the price increase. Second, institutional investors' interest in digital assets is increasing, and this also supports the price. Third, the number of private investors who see BTC as a way to preserve their capital in the face of economic and political instability is growing.
ChatGPT's forecast seems logical for several reasons. On the one hand, halving leads to a reduction in the Bitcoin emission, which causes a deficit and contributes to price growth. On the other hand, over the past two weeks, the capitalization of Bitcoin ETF has increased to $24.2 billion, which indicates significant interest from large investors.
It is also worth noting the economic difficulties in a number of large countries, where high inflation leads to the devaluation of national currencies. This forces investors to look for assets to protect capital, and BTC is becoming one of the attractive options.
An additional factor is the impact of the US elections
However, the time to reach the $100,000 mark remains in question. Some analysts believe that a possible victory of Donald Trump in the US presidential election, which will be held on November 5, can provoke a sharp increase in the Bitcoin rate. At the same time, analysts do not rule out that if Trump wins, the price of Bitcoin could reach $100,000 this year, and not in 2025.
Thus, ChatGPT provides a balanced forecast, but the future of BTC remains open to the influence of various factors, including political events and financial decisions of major players.
