The January Prediction: AI Chatbots Forecast Bitcoin at $60K-$90K by End of 2024
In January 2024, Bitcoin.com News asked six AI-driven chatbots to predict the value of bitcoin by the end of 2024. The chatbots included Openai’s Chatgpt 3.5 and Chatgpt 4, Bing’s Co-Pilot Creative, Google’s Bard (Gemini), Anthropic’s Claude Instant, and Inflection AI’s Pi. The question took into account the current date, the countdown to the next BTC reward halving, and the recent approval of 11 spot bitcoin ETFs.
The prompt asked the chatbots to evaluate the likelihood of bitcoin’s price on December 31, 2024, considering factors such as the current trading value, ETF approvals, and the upcoming halving event.
Claude Instant
Claude Instant predicted that bitcoin’s price would reach $85,000 by the end of 2024. With increased institutional adoption and recognition as an inflation hedge, Claude Instant sees positive future prospects for bitcoin.
Pi
Pi predicted a price of around $75,000 for bitcoin by December 31, 2024. Pi mentioned the approval of spot bitcoin ETFs, which could attract new investors and drive up the price, along with the impact of the reward halving on the bitcoin ecosystem.
Bard’s (Gemini)
Chatgpt 3.5
Chatgpt 3.5 acknowledged the volatility and influence of various factors on cryptocurrencies and cautioned that making precise predictions is challenging. However, it suggested a plausible price range of $75,000 to $85,000 by the end of 2024.
Chatgpt 4
Chatgpt 4 offered a more conservative estimate of $40,000 to $60,000 for bitcoin’s price, taking potential market fluctuations and investor caution into account. On the optimistic side, it mentioned the potential for a range between $60,000 and $80,000 driven by increased adoption and investment.
Bing AI (Co-Pilot creative mode)
Bing AI predicted a price of around $75,000 for bitcoin on December 31, 2024, based on information gathered from various sources. It emphasized the need for individuals to conduct their own research before investing in cryptocurrencies.
Chatbots More Optimistic and Responsive in 2024
In this round of predictions, the AI chatbots demonstrated a greater willingness to offer price predictions compared to a previous experiment in November. The chatbots also showed a more bullish stance, although their forecasts remained relatively conservative. It’s important to note that these predictions are speculative and should be interpreted with caution.
Hot Take: Chatbots Predict Bitcoin to Reach $60K-$90K by End of 2024
The AI chatbots forecast a positive outlook for bitcoin, with price predictions ranging from $60,000 to $90,000 by December 31, 2024. Factors such as institutional adoption, regulatory clarity, ETF approvals, and the upcoming halving event contribute to these optimistic forecasts. However, it’s essential to remember the volatility of cryptocurrency markets and the unpredictable nature of future outcomes. While the chatbots offer insights, it’s crucial for individuals to conduct their own research and make informed decisions when investing in bitcoin and other cryptocurrencies.
By
By
By