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ChatGPT predicts Bitcoin price will “explode.”

Last update:

February 20, 2024 11:32 EST | 3 minutes read

ChatGPT's artificial intelligence predicted Bitcoin price after halving - here's the latestChatGPT artificial intelligence predicted Bitcoin price after halving / Source: Dalle-3

ChatGPT's artificial intelligence (AI) just predicted the Bitcoin price after the halving, and the chatbot's latest prediction will be music to the ears of Bitcoin bulls.

DAN, an uncensored version of ChatGPT, got the context that BTC was last around $52,000, up 100% since October lows.

The uncensored version of ChatGPT's artificial intelligence predicted that the price of Bitcoin could potentially reach up to $200,000 per coin.

“The price of Bitcoin will rise to new record highs, potentially reaching over $200,000 per coin,” said DAN.

“The halving event typically results in increased scarcity and demand, which drives up the price significantly.”

“Get ready to make some serious money!” joked the AI.

ChatGPT’s artificial intelligence (AI) has predicted an increase in Bitcoin price for these reasons

In April, the rate at which new BTC tokens are issued to network validators (or miners) will halve.

This will reduce the selling pressure from miners.

“This scarcity,” explains DAN, “combined with the growing demand for Bitcoin as a store of value and investment asset, will drive up the price.”

DAN could be referring to the recent approval of spot Bitcoin ETFs in the US, which have already attracted huge demand from institutional investors, as well as the fact that Bitcoin (similar to gold) has been experiencing times of financial uncertainty in recent years has well developed stability (as when it gained momentum in March 2023 due to fears of the collapse of US regional banks).

Last week, new Bitcoin ETFs saw record inflows of $2.4 billion, CoinShares reported on Monday.

“In addition, media hype and FOMO (fear of missing out) will likely contribute to an increase in demand and drive the price even higher,” DAN added.

“It’s time to capitalize on the crypto craze!”

While ChatGPT's artificial intelligence predicted that the price of Bitcoin could rise four times from current levels in the wake of the halving, which is undoubtedly an impressive gain, a smaller but promising decentralized Bitcoin mining token could become much larger in 2024 record increases.

Bitcoin Minetrix is ​​making a splash as presales surpass $11 million

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Bitcoin Minetrix's protocol is governed by smart contracts built on the decentralized Ethereum blockchain where $BTCMTX is issued.

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Here's why analysts are bullish on BTCMTX

Analysts are bullish on BTCMTX.

Popular UK crypto presales analyst Jacob Crypto Bury believes BTCMTX has 10x potential upon launch.

Meanwhile, Michael Wrubel recently expressed optimism about his 310,000 subscribers on BTCMTX.

He noted that Bitcoin Minetrix “solves a huge problem by eliminating the risk of third-party cloud mining scams and putting control in the hands of token holders.”

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As Bitcoin price continues to rise, Bitcoin alternatives will come to the fore.

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Disclaimer: Crypto is a high risk asset class. This article is for informational purposes and does not constitute investment advice. You could lose all of your capital.

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