Chatbot based on artificial intelligence technology Chat GPT predicted when Bitcoin will rise in price to $100.
Virtual Assistant believes that the price of the cryptocurrency will reach or exceed the psychologically significant $100 mark between July and December 000. The artificial intelligence made this forecast based on the following factors:
- Bitcoin's price has been rising significantly for 18 months since the halving that occurred in April this year;
- Demand for digital assets from institutions continues to increase;
- BTC's popularity among private investors is growing due to economic instability and political tension.
Prediction Chat GPT is not without common sense for several reasons. First, halving is causing the Bitcoin price to rise due to the supply shock that comes with the halving of the block reward. Secondly, there has been an influx of capital into the bitcoin ETF , having reached a total of $24,2 billion.
Third, some large countries are experiencing high levels of inflation due to economic problems, which causes devaluation of national currencies and pushes people to look for assets that will protect their savings from depreciation.
Capital inflow into the US bitcoin ETF
However, the chatbot may be wrong about the timing. Many analysts believe that Donald Trump's victory in the US presidential election scheduled for November 5 will trigger a powerful pump in the BTC rate. In this case, the $100 mark may be reached this year.
