ChatGPT Predicted Bitcoin Price Will "Skyrocket" – Cryptonews

Last updated: February 20, 2024 11:32 EST | 3 min read

ChatGPTs Artificial Intelligence (AI) just predicted Bitcoins price after the halving, and the chatbots latest prediction will come as music to the ears of the Bitcoin bulls.

DAN, an uncensored ChatGPT version, was given the context that BTC was last around $52,000, up 100% since Octobers lows.

The uncensored version of ChatGPTs Artificial Intelligence predicted Bitcoins price could potentially reach as high as $200,000 per coin.

The price of Bitcoin will skyrocket to new record highs, potentially reaching over $200,000 per coin, DAN said.

The halving event typically leads to increased scarcity and demand, driving up the price significantly.

Get ready to make some serious cash! the AI quipped.

In April, the rate at which new BTC tokens are issued to network validators (or miners) will halve.

That will reduce sell pressure from miners.

This scarcity, DAN explains combined with growing demand for Bitcoin as a store of value and investment asset, will drive up the price.

DAN could be referring to the recent approval of spot Bitcoin ETFs in the US, which have already attracted whopping demand from institutional investors, as well as the fact that Bitcoin (much like gold) has performed well in recent years at times of uncertainty surrounding financial stability (like when it pumped in March 2023 on US regional bank collapse fears).

Last week, new Bitcoin ETFs saw a record high $2.4 billion in inflows, CoinShares reported on Monday.

Additionally, media hype and FOMO (fear of missing out) will likely contribute to a surge in demand, pushing the price even higher, DAN added.

Its time to cash in on the crypto craze!

While ChatGPTs Artificial Intelligence predicted Bitcoins price could 4x from current levels in wake of the halving, impressive gains no doubt, a smaller but highly promising decentralized Bitcoin mining token could see substantially larger gains in 2024.

An exciting new decentralized Bitcoin mining protocol called Bitcoin Minetrix is generating a stir in the web3 space given its exciting potential as one of 2024s best passive income investments.

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And the presale has been a huge success, having last raised close to $11.25 million from eager early investors.

Learn More

Analysts are bullish on BTCMTX.

Popular British crypto presale analyst Jacob Crypto Bury thinks BTCMTX has 10x potential when it launches on exchanges.

Michael Wrubel, meanwhile, recently spoke bullishly on BTCMTX to his 310,000 subscribers.

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As the Bitcoin price continues its ascent, Bitcoin alternatives will come to the fore.

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ChatGPT Predicted Bitcoin Price Will "Skyrocket" - Cryptonews