In the constantly evolving world of technology, this year has witnessed an unprecedented surge in the development and implementation of artificial intelligence (AI). This rapid expansion has led to the emergence of notable Large Language Models (LLMs), with OpenAI’s ChatGPT standing out as a shining example. Known for its versatility, ChatGPT has found its place in a range of tasks, from content generation to coding and simplifying complex topics.
Particularly, its integration into the field of trade and investment has been noteworthy. Investors in both the cryptocurrency and stock markets are increasingly turning to ChatGPT for financial forecasts and even predictions about specific assets.
In this context, a crypto enthusiast known as The â‚¿itcoin Therapist consulted ChatGPT on August 27th to predict the price of Bitcoin (BTC) for several specific years, including 2024, 2028, 2032, and 2050.
Interestingly, the AI chatbot saw a significant rise in BTC price predictions, but it offered both optimistic and conservative scenarios for each forecast. Taking both scenarios into account, ChatGPT expects Bitcoin to trade between $20,000 and $150,000 in 2024. The bot stated, “The leading cryptocurrency could potentially sustain its growth trend and reach a price target of $50,000 to $150,000 or higher by 2024.”
This growth will be fueled primarily by institutional and mainstream adoption along with positive cryptocurrency market sentiment. On the other hand, new market fluctuations and regulatory challenges can slow down Bitcoin’s growth and cause volatility. ChatGPT also added that in this scenario, “the price range could be around $20,000 to $50,000.”
When it comes to long-term growth, ChatGPT expects even greater upward movement in BTC. Based on the aforementioned catalysts, the AI tool predicts that Bitcoin will range between $100,000 and $500,000 by 2028. ChatGPT also mentioned that this range would narrow to $20,000 to $100,000 if its growth is not limited by technological issues and regulatory constraints.
By 2032, the leading crypto asset could reach $1 million under the assumption of favorable upward conditions, and it could reach $5 million by 2050. On the other hand, ChatGPT’s lowest BTC prediction for 2032 and 2050 stands at $20,000.
It is important to approach these predictions with caution, considering that they are solely based on artificial intelligence technology and the future of cryptocurrency markets will be shaped by various factors, thereby maintaining uncertainty.