After Bitcoin hit $30K and we decided to ask ChatGPT what would be needed for $BTC to reach $40K. See what the AI Chatbot replied here -
ChatGPT thinks there are seven factors that could help Bitcoin’s price reach $40K.
And while analysts are presenting their technical thesis for the next possible targets of BTC, we decided to talk to ChatGPT and see what needs to happen for it to reach the coveted $40K mark.First off, it’s worth noting ChatGPT’s warning of Bitcoin’s volatility. The Ai-based model says that predicting specific price movements is “challenging” but outlines a few factors that could impact its price.
The chatbot argues that positive sentiment, increasing interest from institutional investors, as well as growing adoption could positively contribute to increasing the demand, hence, the Bitcoin price.It’s safe to say that the regulatory climate, especially in the US, has been dubious at best.
However, with inventions such as the Ordinals protocol, a growing discussion is emerging on whether or not the codebase could sustain some changes for the better.
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