ChatGPT’s Artificial Intelligence Predicted Bitcoin’s Price After Halving – Here’s the Latest
ChatGPT’s Artificial Intelligence (AI) just predicted Bitcoin’s price after the halving, and the chatbot’s latest prediction will come as music to the ears of the Bitcoin bulls.
DAN, an uncensored ChatGPT version, was given the context that BTC was last around $52,000, up 100% since October’s lows.
The uncensored version of ChatGPT’s Artificial Intelligence predicted Bitcoin’s price could potentially reach as high as $200,000 per coin.
“The price of Bitcoin will skyrocket to new record highs, potentially reaching over $200,000 per coin”, DAN said.
“The halving event typically leads to increased scarcity and demand, driving up the price significantly”.
“Get ready to make some serious cash!” the AI quipped.
In April, the rate at which new BTC tokens are issued to network validators (or miners) will halve.
That will reduce sell pressure from miners.
“This scarcity”, DAN explains “combined with 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 whopping demand from institutional investors, as well as the fact that Bitcoin (much like gold) has performed well in recent years at times of uncertainty surrounding financial stability (like when it pumped in March 2023 on US regional bank collapse fears).
Last week, new Bitcoin ETFs saw a record high $2.4 billion in inflows, CoinShares reported on Monday.
“Additionally, media hype and FOMO (fear of missing out) will likely contribute to a surge in demand, pushing the price even higher,” DAN added.
“It’s time to cash in on the crypto craze!”
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