ChatGPT, the Texas-based artificial intelligence platform shot to fame for its ability to answer questions by being precise to the point. The AI’s ability to construct a sentence by using facts has surprised silicon valley and it particularly stands apart from the rest of the applications. A ton of users are now asking ChatGPT for answers that include predicting the price of Bitcoin and other cryptocurrencies.
Also Read: Why Is the Crypto Market Up Today?
Bitcoin Price For 2030: Here’s What ChatGPT Answered
ChatGPT was asked a question about ‘What will Bitcoin’s price be in 2030?’ Surprisingly, the AI tool didn’t shoot from the leg and answered claiming that the question in itself is quite challenging.
The AI claimed that it is not possible to predict Bitcoin’s price for 2030. The platform stated that even after using metrics, technical analysis, and traditional price movements, it’s impossible to predict its price.
Here’s what ChatGPT said for Bitcoin 2030 price prediction. “It is impossible to predict the price of Bitcoin in 2030 with any degree of accuracy. The price of Bitcoin is highly volatile and is subject to many external factors, such as government regulations, economic conditions, and technological advancements”.
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Nonetheless, ChatGPT answered that over the years, Bitcoin will likely become more accepted by people and businesses around the world. “As the cryptocurrency market matures and more people become aware of the potential of digital currencies. Bitcoin will likely become more widely accepted, and its value will continue to rise,” said ChatGPT.
If the crypto markets survive the upcoming recession, Bitcoin will most likely reach new highs during the next bull run. This would attract many more investors into the fold making BTC grow further as the years pass.
Also Read: Bitcoin: What to Expect From the Markets In January 2023?
At press time, Bitcoin was trading at $21,137 and is up 1.4% in the 24 hours day trade. BTC is down 69.4% from its all-time high of $69,044, which it reached in November 2021.