When a venture capitalist and former Coinbase CTO, Balaji Srinivasan, made an unexpected claim that Bitcoin could hit $1 million in the next 3 months, many in the crypto industry were shocked. Curious to know if your predictions will come true?
ChatGPT Targets Bitcoin Price at $300,000 by 2030 https://t.co/HQd9DkMcg9
— Kyptos (@azcoinnews) March 30, 2023
While speculation remains, some analysts have turned to ChatGPT for advice, and the results are positive, though nowhere near the $1 million some are claiming.
When asked to provide a hypothetical average Bitcoin price forecast for each year between 2024-2030, ChatGPT emphasized that it is only an AI language model and cannot “accurately predict future Bitcoin prices in some way.” However, the software does produce some interesting summary statistics.
Based on estimates provided by the AI engine, Bitcoin is expected to reach a price of $150,000 by 2024, rising by about $25,000 per year thereafter, until reaching an attractive $300,000 by 2030, according to the March 29 survey. value.
Bitcoin Average Price Prediction 2024-2030 | Source: ChatGPT
While that prediction was encouraging, others got a more optimistic response from ChatGPT. Notably, Twitter user “Priced in Bitcoin” previously revealed unusually optimistic estimates obtained from chatbots, suggesting that the top DeFi asset will change hands for $1 million by 2030. That’s the number Balaji Srinivasan envisions, albeit with a much longer time frame.
source: denominated in itcoin/21M
In fact, at press time, bitcoin was trading at $28,391, up slightly over the past 24 hours by nearly 1 percent and up 20 percent on the monthly chart, as the leading cryptocurrency hit $30,000 and the market focused on a strong Reason to buy.
BTC 4-hour chart | Source: TradingView
It should also be mentioned that while Gareth Soloway, director of market strategy at InTheMoneyStocks.com, thinks Bitcoin could drop below $13,000 in 2023, drop to $9,000 before starting again, its market cap has increased by about 10% in just one day. Another rally of $30 billion.
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according to Kyptos