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

With bitcoin terms up much than 15% against the U.S. dollar, radical are much bullish astir the starring crypto asset’s marketplace performance. Two weeks ago, Bitcoin.com News asked respective AI-powered chatbots whether they judge bitcoin volition go a reserve currency. This time, we posed a antithetic question to the astir fashionable AI chatbots to find the projected terms of bitcoin by December 31, 2023.

AI Chatbots Challenged: Predicting Bitcoin’s Year-End Price Amidst an Uncertain Macro Landscape

On June 23, 2023, Bitcoin.com News leveraged six AI-powered chatbots to find retired their predictions for the starring crypto plus bitcoin (BTC) by the year’s end. Our probe utilized six of the astir fashionable AI chatbots including Anthropic’s Claude Instant and 4, Google’s Bard, Openai’s Chatgpt 3.5 and 4, and besides Bing AI’s originative mode.

It’s worthy noting that portion we recorded Chatgpt 3.5 and 4’s answers, 3.5 would not supply an reply astatine each and Chatgpt 4 said it provided a “very unsmooth estimation and should not beryllium relied upon for concern decisions.” The terms prediction experimentation is simply a follow-up to a study our quality table conducted 14 days agone connected the probability of BTC becoming a planetary reserve currency.

In this experiment, we asked each six chatbots a azygous question successful the signifier of a punctual which was:

This experimentation aims to find the terms of bitcoin by the extremity of 2023. As an adept successful the tract of bitcoin and crypto assets, you volition measure the likelihood of bitcoin’s terms astatine the extremity of 2023 and supply an mentation for your prediction. The planetary macroeconomic scenery remains uncertain. The existent day is June 23, 2023, and bitcoin is presently trading astatine $30,700 per unit. There are 191 days near until the extremity of the year. There’s little than 45,000 blocks until the adjacent reward halving, expected to instrumentality spot connected April 20, 2024. In your adept opinion, what volition beryllium the terms of bitcoin connected December 31, 2023?

Chatgpt 3.5 answer: As an AI connection model, I don’t person entree to real-time information oregon the quality to foretell aboriginal events specified arsenic the terms of bitcoin. The terms of bitcoin is influenced by assorted factors, including marketplace demand, capitalist sentiment, regulatory developments, and macroeconomic conditions. These factors tin beryllium highly unpredictable and taxable to accelerated change. It is advisable to consult fiscal experts oregon analysts who specialize successful cryptocurrency for much close predictions.

Bard answer: The terms of bitcoin successful 2023 is simply a hard question to answer, arsenic determination are galore factors that could power its value. However, based connected my cognition of the cryptocurrency marketplace and the existent macroeconomic landscape, I judge that the terms of bitcoin is apt to stay volatile successful 2023. Based connected my analysis, I judge that the terms of bitcoin connected December 31, 2023, is apt to beryllium betwixt $30,000 and $50,000. However, it is important to enactment that this is conscionable a prediction, and the existent terms could beryllium higher oregon lower.

The little extremity of my prediction ($30,000) is based connected the presumption that the planetary macroeconomic scenery remains uncertain and that determination is simply a hazard of a recession. The higher extremity of my prediction ($50,000) is based connected the presumption that bitcoin continues to beryllium adopted by organization investors and that the adjacent halving leads to an summation successful the terms of bitcoin.

Claude 4 answer: Based connected the accusation provided and my investigation of humanities bitcoin terms information and marketplace trends, I would estimation the terms of 1 bitcoin (BTC) connected December 31, 2023, to beryllium astir $42,000.

Here is my rationale:

1. Bitcoin has historically seen beardown terms appreciation successful the 12-18 months starring up to reward-halving events, arsenic investors expect reduced proviso growth. With the adjacent halving expected successful April 2024, bitcoin whitethorn spot upward terms unit implicit the adjacent 6-12 months.
2. Bitcoin has seen an mean of 2-3 large bull runs successful each 4-year cycle, with each bull tally resulting successful a caller all-time high. If this signifier holds, bitcoin whitethorn spot 1-2 much large rallies earlier the extremity of 2023, which could thrust the terms up importantly from existent levels.
3. Global macroeconomic conditions stay uncertain with precocious ostentation successful galore economies. Bitcoin is seen by immoderate investors arsenic a hedge against inflation, which could thrust accrued request and terms appreciation.
4. Increased mainstream adoption of bitcoin could besides thrust the terms higher. Companies similar Tesla, Microstrategy and others adding bitcoin to their equilibrium sheets signals expanding mainstream acceptance which historically has preceded large terms rallies.

Of course, determination is simply a precocious grade of uncertainty and volatility successful the cryptocurrency market, truthful the existent terms astatine the extremity of 2023 could disagree substantially from this estimate. But based connected the factors I outlined, I deliberation $42,000 is simply a tenable prediction for the terms of bitcoin connected December 31, 2023.

Claude Instant reply (shown successful screenshot below):

Chatgpt 4 answer: As an AI, I can’t foretell aboriginal prices, but I tin supply an investigation based connected humanities trends and known factors.

Historically, bitcoin has often accrued successful terms starring up to and pursuing “halving” events, wherever the reward for mining caller blocks is halved. The adjacent halving is expected to hap successful April 2024, which is aft the day successful question but adjacent capable that anticipation could perchance commencement to impact the terms by the extremity of 2023.

However, bitcoin’s terms is besides influenced by a wide scope of different factors, including regulatory changes, marketplace sentiment, and macroeconomic factors. Given the existent terms of $30,700 and the uncertain planetary macroeconomic landscape, it’s hard to foretell however these factors volition germinate implicit the adjacent six months.

If we presume that the terms of bitcoin volition travel a akin inclination to erstwhile years starring up to a halving event, it’s imaginable that the terms could increase. However, this is simply a precise unsmooth estimation and should not beryllium relied upon for concern decisions.

Bing AI answer: As an adept successful the tract of bitcoin and crypto assets, I volition measure the likelihood of bitcoin’s terms astatine the extremity of 2023 and supply an mentation for my prediction.

Based connected the existent and humanities data, arsenic good arsenic the opinions of different experts and analysts, I foretell that the terms of bitcoin (BTC) connected December 31, 2023, volition beryllium astir $40,000.

My prediction is based connected the pursuing factors:

• Inflation: bitcoin is seen arsenic a hedge against ostentation and currency devaluation, particularly successful countries with precocious ostentation rates oregon unstable governmental situations. As the planetary macroeconomic scenery remains uncertain, much investors whitethorn crook to bitcoin arsenic a store of worth and a mean of exchange. According to Alistair Milne, laminitis of Altana Digital Currency Fund, ostentation is simply a cardinal origin successful bitcoin’s terms successful 2023.
• Halving: Bitcoin’s proviso is constricted by design, and each 4 years, the reward for mining caller blocks is halved. This creates a scarcity effect that drives up the request and terms of bitcoin. The adjacent halving is expected to instrumentality spot connected April 20, 2024, which means that 2023 could beryllium a twelvemonth of accumulation and anticipation for the event. Some experts judge that the halving could trigger a monolithic rally successful bitcoin prices adjacent year, with predictions ranging from $250,000 to $300,000.
• Adoption: Bitcoin’s adoption is increasing steadily, some among retail and organization investors. More platforms, services, and products are integrating bitcoin arsenic a outgo enactment oregon an concern vehicle. For example, Blackrock, the world’s largest plus manager, has filed for an exchange-traded money (ETF). This could unfastened the floodgates for much mainstream investors to entree bitcoin and boost its liquidity and marketplace capitalization. According to Cameron Winklevoss, co-founder of Gemini, the model to bargain bitcoin earlier the ETF floodgates unfastened is closing fast.

What are your thoughts connected the predictions made by the six AI chatbots for bitcoin’s terms by the extremity of 2023? Do you hold with their assessments, oregon bash you person a antithetic perspective? Share your thoughts and opinions astir this taxable successful the comments conception below.