2023 has been a very interesting year for the cryptocurrency industry, with many experts predicting price increases for many assets, including Bitcoin (BTC).
As such, we asked the ChatGPT AI bot whether Bitcoin could surpass its previous high of nearly $70,000 and reach new highs before January 1, 2024.
The AI-based language model ChatGPT named several factors that could drive such a price explosion; The main one is the positive sentiments of the market.
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Economic conditions such as inflation rates, monetary policy reforms by central banks and global economic stability can also play a role. Additionally, Bitcoin’s jump to a new ATH can be triggered by an increase in transaction volume and an increase in the number of active addresses.
On the other hand, ChatGPT warned that unexpected events, regulatory setbacks, market manipulation, or changes in investor behavior could negatively impact the valuation of this leading digital asset.
How about Bitcoin reaching 3 million dollars?
One of the people who has provided a very bullish price prediction for Bitcoin is a user named Luke Broyles on social network X (Twitter).
He claimed that the asset has a chance to skyrocket to $3 million per coin based on potential growth comparable to the early expansion of the Internet.
Other analysts, such as Josh Olzewicz, have made less ridiculous predictions of $38,000 by the end of 2023.
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