The world’s most famous artificial intelligence predicts bitcoin’s growth to $ 100,000

Finbold analysts talked to artificial intelligence from OpenAI about the future of the bitcoin cryptocurrency. The new o1 neural network has predicted the value of BTC $73,250.83 Mezo Wrapped BTC -2.37% Market capitalization $72.37 million VOL. 24 hours $1.69 billion by the end of 2024.

In its bullish forecast, o1 believes that bitcoin could «experience a significant upward momentum,» pushing prices above its all-time high (ATH). The conservative forecast for the BTC price is in the range of $ 80,000 to $ 100,000 by the end of 2024.

However, AI also has a bearish case for bitcoin, potentially keeping it between $ 60,000 and $ 70,000. This could happen against the backdrop of «unfavorable regulatory actions, macroeconomic downturns, or persistent negative sentiment,» o1 writes.

«Based on the factors outlined above, I predict that bitcoin could reach around $ 90,000 by the end of 2024. This estimate assumes a positive market reaction to the halving event, further institutional adoption through spot exchange-traded funds, and a stable macroeconomic environment. However, it is important to recognize the high volatility of cryptocurrency markets and the potential for unpredictable events that could significantly affect prices,» — o1 OpenAI model, via NanoGPT API.

At the time of writing, BTC is trading at $ 58,519, having accumulated 119% year-on-year growth since September 13, 2023. On the other hand, the chart shows a six-month downtrend with lower highs and lower lows since ATH hit $ 73,800 in March.