To the chatbot. The year 2023 has barely ended when the wildest predictions about 2024 immediately appear. With, at the center of all attention, a Bitcoin supposed to speed up Spot ETF in the coming days. And according to the most optimistic analysts, a rise in BTC which could (finally) cross for good the symbolic milestone of $100,000. An objective already widely pointed out in 2021. But this new promise of a bull run currently taking off could well be driven by the emergence of artificial intelligence (iA) ChatGPT. Explanations…
It is “theoretically possible” that Bitcoin will reach $100,000 in 2024
The year 2023 ends on a rather positive assessment for the market cryptocurrencies. With the main driving force, a Bitcoin already installed beyond $45,000. And a trend for the moment on the rise across this entire digital economy.
However, the prospect of imminent approval of spot Bitcoin ETFs leaves investors waiting. Because will this information be the starting point for an even greater increase ? Or the term of an opportunistic position, in order to accompany the excitement initiated on the subject several months ago?
Doubt remains allowed, at least in the short term. But there is no need to worry about the outcome of 2024, if we are to believe the artificial intelligence (iA) Chat GPT. Indeed, the OpenAI chatbot already promises to be “theoretically possible” BTC to $100,000 in the next 12 months. But it will first be necessary to validate some favorable conditions…
“If a series of favorable conditions align, it is theoretically possible that Bitcoin could reach $100,000 in 2024, although this remains highly speculative. The cryptocurrency market, particularly Bitcoin, has experienced significant volatility and price fluctuations in the past. »
ChatGPT
ChatGPT analyzes the Bitcoin market
All this comes from a discussion started by the CoinTelegraph media with the ChatGPT conversational agent. Therefore, two essential points must be brought to the attention of readers. In the first place the intention behind the questions asked by the human in question. And on the other, the ability of this chatbot to search for an answer among what already exists on the subject.
Indeed, as the current trend of Bitcoin is bullish, nothing seems to stand in the way of a positive analysis. This, of course, provided that some important points are validated. And broadly speaking, this concerns an approval of spot Bitcoin ETFs. But also a positive regulatory development who seems to be profiling at the moment far from the hostile territory of the United States.
“The approval of a spot Bitcoin ETF (Exchange-Traded Fund) could potentially have a positive impact on the price of Bitcoin, especially in a scenario where BTC could reach $100,000. »
ChatGPT
A bullish scenario to which the‘artificial intelligence ChatGPT. Indeed, the latter does not fail to emphasize “ the influence of AI on market analysis, trading strategies and broader technological advancements in the field of blockchain. »
ChatGPT therefore seems approach crypto trading for 2024 from a resolutely positive angle regarding Bitcoin. However, this must first go through some key steps, such as the still pending approval of spot ETFs. But also increased use of artificial intelligence, with the ability – chatbot word – to identify and address trends that humans might miss. A case to follow…