Artificial intelligence has determined the best day of the week to invest in cryptocurrencies

CryptoPotato experts asked Google’s artificial intelligence to name the best day to buy bitcoin. According to Google Bard, investors who want to accumulate cryptocurrency in regular small increments over the long term should make Saturday their «working investment day.»

Buying a certain amount of cryptocurrency or stocks on a weekly schedule is a classic investment strategy called dollar-cost averaging. Google Bard emphasized that Saturday is the second best day of the week to buy cryptocurrencies. However, if users are looking for the cheapest prices, the best day to buy tokens, according to Bard, is Sunday.

«According to historical market data, the best day of the week to buy cryptocurrency is Sunday. The second best day is Saturday. After that, prices rise, and Friday is the most expensive day,» the chatbot emphasized.

The lowest average daily price of bitcoin from August 2022 to August 2023 was on Sunday. During this period, the average price of BTC on Sunday was $ 23,595. The highest average price of BTC was on Wednesday — $ 23,850. «If an investor were to buy BTC for a year according to this schedule, it would mean that he would buy BTC 1% cheaper every week,» the analysts emphasized.

As a reminder, Google Bard recently predicted how much the flagship of the crypto market will cost after the long-awaited halving in 2024. The artificial intelligence noted that several factors could affect this, but bitcoin is likely to reach a new all-time high (ATH). In terms of specific figures, Google Bard noted that after halving, bitcoin could reach $ 100,000 on a sharp impulse.