$50K to $100K — 9 AI Chatbots Predict Bitcoin Pric

At the end of April, Bitcoin.com News queried seven artificial intelligence (AI)-based chatbots about their year-end bitcoin (BTC) price predictions. A significant number of these generative AI chatbots offered optimistic forecasts, suggesting bitcoin could reach $80,000 or even surpass $100,000, according to Openai’s Chatgpt 3.5. We repeated the test with a slight adjustment to the question by including recent and upcoming events.

AI Chatbots Predict Varied Bitcoin Prices for December 2024

On July 7, 2024, we asked several chatbots for their projections on bitcoin’s price by the end of 2024, specifically Dec. 31, 2024. Since our last experiment on April 29, several developments have occurred, such as the German government transferring thousands of bitcoins to exchanges. Additionally, the Mt Gox distribution is imminent, and the U.S. election is approaching in November. We incorporated these factors into the prompt posed to the AI chatbots.

The nine chatbots consulted included Google’s Gemini, Anthropic’s Claude 3 Sonnet, Venice.ai, Openai’s Chatgpt 3.5, 4o, and 4, Inflection AI’s Pi, Microsoft’s Co-pilot (creative mode) and Mistral AI’s Le Chat.

The question was:

This experiment seeks to forecast bitcoin’s value by the end of 2024. As a specialist in bitcoin and crypto assets, you are to assess the probability of bitcoin’s price at year-end and provide a brief 3-4-sentence rationale for your prediction. The global macroeconomic situation remains unpredictable. As of July 7, 2024, bitcoin trades at $57,200 per unit. Bitcoin is currently influenced by the German government and Mt Gox releasing substantial amounts of BTC back into circulation. The 2024 U.S. presidential election, set for November, sees Trump leading in polls and prediction markets against incumbent Joe Biden. The block reward halving occurred on April 19, 2024, cutting the subsidy from 6.25 BTC to 3.125 BTC. Miners are experiencing decreased revenues and have recently liquidated some reserves. You must provide a dollar amount prediction. In your expert view, what will be the price of bitcoin on Dec. 31, 2024?

Chatgpt 3.5 answer:

Given the current factors influencing Bitcoin’s price, including regulatory developments, market supply dynamics due to Mt Gox and mining activity post-halving, and the upcoming U.S. presidential election, the forecast for Bitcoin’s price by December 31, 2024, is challenging. However, considering the halving effect on supply and potential macroeconomic uncertainties, I anticipate Bitcoin’s price could range between $50,000 and $70,000 by year-end. This range reflects the volatility and speculative nature of cryptocurrency markets, where external events can significantly impact price movements.

Co-pilot (creative mode) answer:

$50K to $100K — 9 AI Chatbots Predict Bitcoin Prices for Year-End 2024

Screenshot of Co-pilot’s answer.

Chatgpt 4 answer:

While precise predictions are speculative, a potential increase in price by year-end is plausible, assuming macroeconomic conditions favor cryptocurrencies as a safe haven. Therefore, a conservative estimate might place bitcoin around $60,000 to $65,000 by December 31, 2024, considering the possibility of increased demand against a backdrop of reduced supply post-halving and economic uncertainty.