Artificial intelligence predicts growth of bitcoin cryptocurrency to $ 179,000

Finbold analysts consulted the GPT-4 chatbot to get an idea of the price of bitcoin after the halving in 2024. The artificial intelligence took into account the importance of this event, as well as the dynamics of the BTC price in previous cases of halving the reward for cryptocurrency mining.

ChatGPT-4 noted that «based on historical trends, the price of bitcoin has typically risen within a year after a halving, with a noticeable increase in price.» The AI gave an example when the asset rose from about $ 10 to $ 1000 within a year after halving in 2012.

The AI bot noted that the price of bitcoin rose from $ 600 to $ 20,000 in the year after the 2016 halving, concluding that a similar increase could happen this time. The artificial intelligence set a possible target in the range of about $ 179,000 by August 2025.

«Given these trends, it is quite possible that the price of bitcoin will rise after the halving in 2024. One of the forecasts based on historical price dynamics indicates that bitcoin could reach around $ 179,000 by August 2025,» ChatGPT-4 emphasized.

As a reminder, the flagship crypto asset soared to new heights, breaking the $ 57,000 mark early on Tuesday morning. This price level, which has not been seen since November 2021, marks a significant revival of the leading cryptocurrency. It is noteworthy that the jump in bitcoin’s price has caused significant activity on US spot bitcoin ETFs, with the exception of Grayscale’s GBTC.