AI forecasted what Bitcoin's exchange rate will be at the end of the year 2023

30/06/2023

Bitcoin.com asked chatbots to predict the Bitcoin price as of the end of the year 2023.

The virtual assistant Bard, developed by Google, believes that the Bitcoin price will fluctuate between $30,000 and $50,000 on December 1. If the macroeconomic backdrop remains negative, the cryptocurrency is unlikely to be worth more than 30,000. A strong demand for BTC from institutional investors will trigger a rise to $50,000.

Artificial Intelligence (AI) Claude, created by Anthropic, expects Bitcoin to fluctuate around $42,000 at the end of the year. The chatbot made that prediction based on historical data and global macroeconomic factors that benefit BTC as a means of saving capital in an environment of high inflation.

$30K to $50K — 6 AI-Powered Chatbots Attempt to Predict Bitcoin's Price by the Year's End

OpenAI's ChatGPT declined to name a specific value for Bitcoin, while Bing's chatbot suggested the digital asset's price would reach $40,000. According to AI, traders will accumulate bitcoins this year in anticipation of the halving scheduled for April 2024, so the value of the coin will gradually rise.

Do you like this article? Share it with your friends.