ChatGPT joins the crypto hype, pegs Bitcoin price at $300,000 by 2030

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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 within the next three months, many Members of the crypto community were intrigued, wondering if his prediction could really materialize.

As the guesswork continued en masse, some analysts turned to OpenAI’s text-based artificial intelligence (AI) platform, ChatGPT, for suggestions. $1 million touted by some individuals.

$300,000 in cards?

As always, after being asked to offer hypothetical average Bitcoin predictions for each year from 2024-2030, ChatGPT cautioned that this was just an AI language model and, as a such, could not “predict future Bitcoin prices with any certainty or accuracy”, but eventually managed to provide some interesting rounded numbers.

According to the numbers provided by the AI ​​tool, Bitcoin is expected to reach the price of $150,000 in 2024, adding around $25,000 each following year until it (speculatively) reaches a very attractive number of 300,000. $ in 2030, according to the query published in March. 29.

Bitcoin average price forecast 2024-2030. Source: ChatGPT

While this prognosis is indeed very optimistic, others have gotten even more optimistic responses from ChatGPT. Specifically, Twitter user Priced in Bitcoin previously shared an unusually bullish prediction allegedly pulled from the chatbot, which sees the flagship decentralized finance (DeFi) asset change hands at a price of $1 million from here 2030.

I asked #chatGPT to predict the price of #Bitcoin by 2030, the results are stunning 👇

2024: $28,5712025: $90,9092026: $400,002027: $111,1112028: $166,6672029: $500,0002030: $1,000,000

You might want to buy some in case it spreads… pic.twitter.com/TpRokjqu2o

— Price in ₿itcoin ∞/21M (@PricedinBTC) March 28, 2023

As a reminder, this is the same number envisaged by Balaji Srinivasan, but on a much longer time scale. That said, Finbold was unable to reproduce this same answer by ChatGPT despite using various and numerous prompts.

bitcoin price analysis

Meanwhile, Bitcoin is trading at press time at a price of $28,425, up 5.11% in the past 24 hours and 0.57% in the prior week, totaling 20% ​​gains. .75% on its monthly chart, as the top cryptocurrency approaches the $30,000 level and registers strong buying sentiment.

30-day Bitcoin price chart. Source: Finbold

It’s also worth noting that Bitcoin added almost $30 billion to its market capitalization in a single day, although InTheMoneyStocks.com chief market strategist Gareth Soloway believes it could fall below $13. $000, maybe even as low as $9,000 in 2023. before another rally begins.

Disclaimer: The content of this site should not be considered investment advice. The investment is speculative. When you invest, your capital is at risk.

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