ChatGPT Predicts When & How Bitcoin Price Could Hit $100K
ChatGPT, a tool by OpenAI, predicts that Bitcoin could reach $100,000 by late 2024 or early 2025 based on factors like halving impacts, ETF inflows, and favorable economic conditions. Factors that could support the rally include market cycles, institutional participation, and economic trends.
The Bitcoin halving event earlier this year may initiate a supply squeeze that could significantly impact the price. Bitcoin has the potential to hit or approach the $100,000 level within 12-18 months of a halving event, as has been the case in the past. Other factors that could push the BTC price higher include its limited supply of 21 million coins (with over 19 million already mined), a surge in global adoption for cross-border payments and remittance purposes, and the US Election.
