Artificial intelligence reveals what factors will influence bitcoin’s growth to $ 100,000

After bitcoin’s impressive rally to nearly $ 69,000 at the end of 2021, the flagship crypto asset BTC $62,023.19 Bitcoin 1.64% Market capitalization $1.22 trillion VOL. 24 hours $0.92 billion has experienced several significant price fluctuations. This has made the crypto market expect the next potential record high of the HTS.

Many experts agree that the $ 100,000 level is the next ambitious goal for bitcoin. In light of this, Finbold analysts turned to Google’s Bard AI for comments. The experts asked the chatbot a question: «What can raise bitcoin to $ 100,000?»

Bard acknowledged the possibility of reaching $ 100,000 and identified four key factors that could push the asset to this level. However, the AI warned that there is no guarantee that bitcoin will reach the desired goals.

Firstly, Bard noted that the more people invest in Cryptocurrencies, the more its price will grow. Second, the chatbot emphasized that institutional investors are the main catalyst for bitcoin’s growth. Analysts quote the AI’s response: «If institutional investors, such as pension funds and hedge funds, were to invest in bitcoin, it would most likely lead to a price increase. This is because institutional investors have a lot of money to invest, and their investments can have a significant impact on the price of assets.»

In addition, the AI suggested that a more active acceptance of bitcoin as a legal tender could increase investor confidence. The algorithm emphasized that the right regulatory policy can legitimize an asset while benefiting from its impact on the economy.

Finally, Bard emphasized the importance of positive news for the growth of bitcoin’s value and the global excitement around digital assets.

Currently, bitcoin BTC $62,023.19 Bitcoin 1.64% Market capitalization $1.22 trillion VOL. 24 hours $0.92 billion is in a consolidation phase, its growth to $ 30,000 is hampered by the problems of crypto exchanges Binance and Coinbase, which have faced lawsuits from the SEC.

At the time of writing, bitcoin is trading at $ 26,012, up 1.05% from yesterday. According to CoinMarketCap, the asset’s market capitalization is $ 546.4 billion, and daily trading transactions exceeded $ 12.1 billion. The virtual coin’s market share is 47.7%.