We asked ChatGPT if Bitcoin (BTC) price will reach a new ATH this year.

TL; DR

Bitcoin (BTC) may rally in 2023, with factors such as market sentiment and economic conditions influencing growth past all-time highs. Potential disruptions, including regulatory changes and market manipulation, can negatively impact the price of BTC. Price predictions vary, with some extreme views such as a $3 million price per BTC, more conservative estimates of $38,000 by the end of 2023.

What are the BTC odds?

In the year 2023 has been an interesting year for the cryptocurrency industry, with many experts assessing price rallies for many assets, including the largest by market capitalization – Bitcoin (BTC).

As such, we asked if Chat GPT could break past its previous all-time high of nearly $70,000 and land at a new high before January 1, 2024. The AI-powered language model cites a number of factors that could account for such an explosion. One is positive market sentiment.

Economic factors such as inflation, central banks' monetary policy reforms and global economic stability may also play a role. Additionally, the conversion of BTC to new ATH can be triggered by increasing transaction volumes and increasing active addresses.

On the other hand, ChatGPT warned that unforeseen events, regulatory problems, market manipulations or changes in investor behavior could negatively affect the valuation of its digital assets.

How to reach $3 million in BTC?

One person who has put out a lot of BTC price predictions is X (Twitter) user Luc Broyle. He It is estimated. The asset had the potential to rise to as high as $3 million per coin based on potential growth compared to the early boom of the Internet.

They have other commentators like Josh Olszewicz Listed. Less ridiculous projections like $38,000 by the end of 2023.

Those interested in seeing the five best BTC price bets from celebrities can watch our exclusive video below.