In the ever-evolving landscape of technology, this year has seen an unprecedented growth in the development and application of artificial intelligence (AI).
This rapid expansion has led to the emergence of the remarkable Large Language Model (LLM), of which OpenAI’s ChatGPT stands out as a shining example. Renowned for its versatility, ChatGPT has found its way into tasks ranging from content creation to coding and simplifying complex topics.
In particular, its integration in the area of trade and investment has also been amazing. Investors, both in cryptocurrencies and in the stock market, are increasingly turning to ChatGPT for financial insights and even predictions regarding specific assets.
In this light, a crypto enthusiast called ₿itcoin doctor, used ChatGPT on August 27 to predict the price of bitcoin (BTC) in several specific years, including 2024, 2028, 2032 and 2050.
Predictions for 2024
Interestingly, the AI chatbot has been quite bullish in its BTC price predictions, although it offered both optimistic and conservative scenarios for each prediction.
Considering both these scenarios, ChatGPT expects bitcoin to trade between $20,000 and $150,000 in 2024. On the positive side, the leading cryptocurrency “could potentially continue its upward trend and reach a price target of $50,000 to $150,000 or even higher by 2024.” the bot replied.
ChatGPT’s BTC price predictions for 2024, 2028, 2032 and 2050. Source: Bitcoin Therapist
This growth will be primarily driven by institutional and mainstream adoption, as well as positive crypto market sentiment.
On the other hand, new market volatility and regulatory challenges could slow down the growth of BTC and result in volatility. In this scenario, “the price range could be around $20,000 to $50,000,” ChatGPT said.
2028, 2032, and 2050 Projections
ChatGPT is even more bullish on BTC when it comes to long-term growth. Based on the same catalysts mentioned earlier, the AI tool sees bitcoin between $100,000 and $500,000 by 2028.
ChatGPT responded, that is, unless its growth was hindered by technical issues and regulatory restrictions, which would limit that range to between $20,000 and $100,000.
By 2032, the leading crypto asset could reach $1 million, given the most bullish conditions, and up to $5 million by 2050. On the other hand, ChatGPT’s lowest BTC estimates for 2032 and 2050 sit at $20,000.
It is important to note that the above predictions are based solely on AI technology and should be taken with reservation as the future of crypto markets, which will be shaped by various factors, remains uncertain.
disclaimer: The contents of this site should not be considered as investment advice. Investing is speculative. When investing, your capital is at risk.
Source: finbold.com
