ChatGPT, an all-encompassing artificial intelligence (AI) model by OpenAI, continues to make stride waves in the crypto sphere. Its significance in the crypto industry has once again surfaced following its recent long-term Bitcoin (BTC) price prediction.
ChatGPT Bitcoin’s future price projections for 2024, 2028, 2032, and 2050 emerged, indicating a bullish trajectory for the flagship cryptocurrency.
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A verified Twitter user who goes by the pseudonym, The Bitcoin Therapist, made these price projections public after consulting ChatGPT about its perspective on BTC’s future prices.
Notably, ChatGPT divided BTC’s price projections into an optimistic scenario, which implies a continuous growth trend, and a conservative scenario, which would incorporate the fact that growth might be hindered due to some factors.
For an optimistic scenario, ChatGPT noted that BTC’s price could attain price highs between $50,000-$150,000.
The chatbot noted that these price ascents could be due to continual institutional interest, mainstream adoption, and the overall positive sentiment in the crypto sphere.
For the conservative scenario, ChatGPT projected a $20,000-$50,000 valuation for Bitcoin (BTC), noting the impact of regulatory bodies and price fluctuations on price movements.
The chatbot remarked that should all conditions remain favorable, Bitcoin could attain price levels around the regions of $100,000 to $500,000 in an optimistic scenario.
On the other hand, in a conservative scenario where challenges ranging from technological to other factors hinder growth, BTC might ascend to price levels between $20,000 and $100,000.
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ChatGPT predicted price targets between $100,000 and $1,000,000 for an optimistic scenario. For a conservative outlook, the chatbot’s projected price ranges around the region of $20,000 to $200,000.
The artificial intelligence model noted price estimates to be between $100,000 to $5,000,000 or even higher for an optimistic scenario.
For a conservative phase, the chatbot specified market values between $20,000 to $500,000.
While all these price predictions might seem attractive, users are reminded that they should tread with caution as several factors could impede BTC’s projected price trajectory in the long run.
Meanwhile, a popular pseudonymous analyst, Dave the Wave, who accurately called the May 2021 crypto market decline, is also optimistic about a new Bitcoin price all-time high, setting a timeline of mid-2024.
At the time of filing this report, BTC is trading at $26,055, with little or no change in price in the last 24 hours, according to CoinMarketCap.
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