ChatGPT Joins Crypto Hype, Sets Bitcoin Price To $300,000 By 2030
After venture capitalist and former CTO of cryptocurrency trading platform Coinbase Balaji Srinivasan made a shocking claim that Bitcoin (BTC) could reach the price of $1 million in the next three months, many in the crypto community were intrigued and wondered about his prediction could really materialize.
As the guessing continued a lotsome analysts have turned to OpenAI’s text-based artificial intelligence (AI) platform ChatGPT for suggestions, so the Finbold team decided to give it a try as well, and the results were really positive, even though it was far from the $1 million touted by some individuals.
$300,000 in cards?
As always, after being asked to offer hypothetical average Bitcoin predictions for each year in the period 2024-2030, ChatGPT cautioned that it was only an AI language model and as such could not “predict future Bitcoin prices with certainty or accuracy “, but it eventually managed to deliver some interesting rounded 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 each subsequent year until it (speculatively) reaches a very tempting figure of $300,000 in 2030, according to the query that was posted in March. 29.
While this forecast is indeed very optimistic, others have received even more bullish responses from ChatGPT. Specifically Twitter user Priced in Bitcoin had previously shared an exceptionally optimistic prediction purportedly sourced from the chatbot, which sees the flagship decentralized finance (DeFi) changing hands at a price of $1 million by 2030.
As a reminder, this is the same number that Balaji Srinivasan envisioned, albeit on a much longer time scale. That said, Finbold was unable to replicate the same response from ChatGPT despite using different and numerous questions.
Bitcoin price analysis
Meanwhile, at press time, Bitcoin is trading at $28,425, up 5.11% over the past 24 hours and 0.57% over last week, adding to gains of 20.75% on the monthly chart, as the first cryptocurrency approaches the $30,000 level and registers a “strong buy” sentiment.
It should also be noted that Bitcoin has added nearly $30 billion to its market cap in a single day, although the market strategist at InTheMoneyStocks.comGareth Soloway, believes it could fall below $13,000, possibly even as low as $9,000 in 2023 before another rally begins.
Disclaimer: The content of this page should not be considered investment advice. Investment is speculative. When you invest, your capital is at risk.
