As a venture capitalist and former Coinbase CTO Balaji Srinivasan made the surprising claim that Bitcoin price may reach $1 million in the next three months, many in the cryptocurrency industry became intrigued, wondering if his prediction would come true.
As the speculation persisted, several analysts resorted to ChatGPT for advice, and the results were positive, though far from the $1 million claimed by some.
When asked to provide hypothetical average Bitcoin projections for each year in the 2024-2030 span, ChatGPT emphasized that it was merely an AI language model and could not “predict future Bitcoin prices with precision or accuracy.” Still, it did produce some fascinating rounded-up statistics.
According to the estimates offered by the AI tool, Bitcoin is predicted to reach a price of $150,000 in 2024, increasing by about $25,000 per year until it reaches a very appealing value of $300,000 in 2030, as per the March 29 inquiry.
Bitcoin 2024-2030 average price predictions | Source: ChatGPT
Although this prognosis is highly encouraging, others have received even more upbeat responses from ChatGPT. Notably, Twitter user Priced in Bitcoin had previously revealed an unusually bullish estimate obtained from the chatbot, which sees the flagship DeFi asset changing hands for $1 million by 2030. This is the same number that Balaji Srinivasan envisioned, albeit in a considerably longer time frame.
I also asked it to predict the price of the US dollar in terms of #Bitcoin 👇
2024: 3,500 #sats
2025: 1,100 #sats
2026: 250 #sats
2027: 900 #sats
2028: 600 #sats
2029: 200 #sats
2030: 100 #sats pic.twitter.com/G60QpocJnT— Priced in ₿itcoin ∞/21M (@PricedinBTC) March 28, 2023
Meanwhile, Bitcoin is trading at $28,210 at press time, up 5% in the last 24 hours, for a total gain of 20% on its monthly chart, as the first cryptocurrency approaches $30,000 and has a strong buy mood.
BTC/USD 4-hour chart | Source: TradingView
It should also be mentioned that Bitcoin has added approximately $30 billion to its market value in a single day, even though Gareth Soloway, Chief Market Strategist at InTheMoneyStocks.com, believes it could fall below $13,000, possibly as low as $9,000, in 2023 before another rise begins.
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