The chatbot said AI could play a role in pushing Bitcoin’s price up through its influence on market analysis, trading strategies and blockchain tech development.
Artificial intelligence (AI) can play a role in a scenario where Bitcoin’s (BTC) price reaches $100,000 in 2024, according to GPT-4, the latest version of AI chatbot ChatGPT.
On Jan. 1, Cointelegraph asked the AI chatbot if Bitcoin’s price could potentially hit $100,000 this year and how AI could play a role in reaching this result. According to the AI chatbot, it’s “theoretically possible” for Bitcoin to reach $100,000 in 2024 if a series of favorable conditions align. However, ChatGPT also noted that this “remains highly speculative.”
Following this, the AI chatbot also provided some general factors that could contribute to such a scenario. This includes positive regulatory developments, increased retail and institutional adoption and currency devaluation or inflation.
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Source: https://cointelegraph.com/news/artificial-intelligence-chatgpt-bitcoin-100k-2024