ChatGPTs Bitcoin Price Prediction is $35,000, Also Backing Wall … – Finbold – Finance in Bold

ChatGPT has become one of the go-to tools for crypto investors looking to analyze new and established coins.

The models objective insights are invaluable to these investors, given that crypto trading is often emotionally charged.

This article delves into ChatGPTs Bitcoin price forecast for the rest of 2023 while shedding light onWall Street Memes, a crypto presale sensation that has swiftly amassed over $1.7 million in just five days.

Bitcoin ($BTC) holders have been on a wild ride recently, as the sustained bullish momentum from January to April has been replaced with tremendous volatility.

Since Sunday evening, the Bitcoin price has dropped by nearly 5%, hovering just above the critical $27,000 level.

Yet, even after taking this drop into account, Bitcoin is still up by 63% YTD highlighting the remarkable investor optimism.

The recent positivity around Bitcoin has been driven by macroeconomic factors rather than anything specifically related to the coin itself.

A key contributor has been the slowdown in US inflation levels, with the latestCPI datashowing that inflation has been gradually dropping for nearly a year.

Now that inflation is cooling, theres a much higher likelihood that the Fed will pause interest rate hikes or even begin to lower them.

TheCME FedWatchtool, widely used as a way to estimate the Feds next move, now estimates that theres a 34.7% chance that interest rates will remain at their current level at the next FOMC meeting.

This is good news for Bitcoiners since high interest rates often lead investors to seek perceived safer assets such as bonds.

Consequently, when rates look like they might be about to fall, investors are more inclined to add cryptocurrencies to their portfolio increasing demand for BTC and boosting price.

This is where ChatGPT comes in, as OpenAIs language model believes this (among other factors) could spark some bullish momentum in the latter half of the year.

Per ChatGPT, Bitcoin could be trading around the $35,000 level by the end of the year 29% higher than the current price.

ChatGPT states that interest rate decisions and other factors, like regulation and technological developments, would drive any potential price increases.

Ultimately, ChatGPTs thoughts are clear Bitcoins future remains bright, which will make for positive reading for long-term holders.

However, its not just Bitcoin garnering attention lately.

The burgeoning meme coin projectWall Street Memes ($WSM)has also caught ChatGPTs interest, thanks to the remarkable response to its presale phase.

Wall Street Memes presale kicked off on May 26, yet has already raised over $1.7 million in funding, as excited investors clamor to buy $WSM tokens at a low price point.

Its unique structure has driven much of the interest in this presale. The presale is split into 30 stages, each with a gradually increasing price point meaning the earlier that investors get involved, the lower their entry price.

Moreover, Wall Street Memes already boasts a robust following of over 1.1 million people, thanks to the prior success of theWall St Bulls NFT collection, which was launched in 2021 and sold out in 32 minutes.

The Wall Street Memes team now aims to tokenize this colossal community by creating the$WSM token, which is indirectly linked to the Reddit subculture that spawned following the GameStop/WallStreetBets saga.

Not only that, but $WSM has also caught the eye of some big names in the market with the Chain Review Twitter accounttweetingthat $WSM is now disrupting the crypto space.

All of these factors play into ChatGPTs bullish price forecast for $WSM. Per ChatGPT, $WSM could reach $0.12 by the end of the year.

If this scenario played out, it would be a 363% increase from the current presale price.

With its promising community backing and the bullish prediction from ChatGPT, the Wall Street Memes project looks set to become a significant player in the rapidly-evolving meme coin niche.

Visit Wall Street Memes Presale

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ChatGPTs Bitcoin Price Prediction is $35,000, Also Backing Wall ... - Finbold - Finance in Bold