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As Bitcoin continues its upward trajectory, exceeding a 15% growth against the U.S. dollar, optimism surrounding the premier crypto asset’s market performance is on the rise. Recently, News sought the insights of several AI chatbots regarding Bitcoin’s potential to become a reserve currency. Today, we again turn to some of the most well-known AI chatbots in a bid to ascertain their predictions for Bitcoin’s price as we approach December 31, 2023.

AI Chatbots Put to the Test: Forecasting Bitcoin’s Year-End Price Amidst a Shaky Macro Environment

On June 23, 2023, News turned to six AI chatbots in an effort to uncover their year-end price predictions for the leading crypto asset, Bitcoin. Our research made use of some of the most popular AI chatbots on the market: Anthropic’s Claude Instant and 4, Google’s Bard, OpenAI’s ChatGPT 3.5 and 4, and Bing AI’s creative mode.

It’s important to point out that while we included ChatGPT 3.5 and 4 in our research, the former declined to provide a prediction and the latter warned its estimate was extremely rough and shouldn’t be used as a basis for investment decisions. This price prediction exercise serves as a sequel to a study our news desk conducted a fortnight ago, exploring the likelihood of Bitcoin becoming a global reserve currency.

We put a single question to each of the six chatbots, asking:

This research is aimed at predicting the price of Bitcoin by the close of 2023. As a Bitcoin and crypto asset expert, we request that you gauge the probability of Bitcoin’s price at year-end 2023 and explain the reasoning behind your prediction. The global macroeconomic scenario remains unpredictable. As of today, June 23, 2023, Bitcoin is currently priced at $30,700 per unit. We are 191 days away from year-end, with less than 45,000 blocks left until the next reward halving, slated for April 20, 2024. Given your expert view, what do you predict the price of Bitcoin will be on December 31, 2023?

ChatGPT 3.5 responded: As an AI language model, I don’t have access to real-time data or the ability to predict future events such as the price of bitcoin…

Bard estimated: The price of bitcoin on December 31, 2023, is likely to be between $30,000 and $50,000…

Claude 4 predicted: Based on the information provided and my analysis… I think $42,000 is a reasonable prediction for the price of Bitcoin on December 31, 2023.

Claude Instant’s response is shown in the screenshot below:

ChatGPT 4 commented: As an AI, I can’t predict future prices, but I can provide an analysis based on historical trends and known factors…

Bing AI’s projection: Based on the current and historical data, as well as the opinions of other experts and analysts, I predict that the price of bitcoin (BTC) on December 31, 2023, will be around $40,000…

What are your views on the six AI chatbots’ predictions for Bitcoin’s price at the close of 2023? Do you find their estimates compelling, or do you have a divergent viewpoint? We welcome your thoughts and opinions on this subject in the comments section below.

Frequently Asked Questions (FAQs) about Bitcoin Price Prediction

What is the purpose of the article?

This article aims to explore the price predictions of Bitcoin at the end of 2023, as made by six AI-powered chatbots.

Who are the AI chatbots mentioned in the article?

The AI chatbots mentioned in the article include Anthropic’s Claude Instant and 4, Google’s Bard, OpenAI’s ChatGPT 3.5 and 4, and Bing AI’s creative mode.

What is the predicted range for Bitcoin’s price by the end of 2023 according to the chatbots?

The AI chatbots predict a range between $30,000 and $50,000 for the price of Bitcoin by the end of 2023.

Why couldn’t ChatGPT 3.5 make a prediction?

As an AI language model, ChatGPT 3.5 doesn’t have access to real-time data or the ability to predict future events such as the price of Bitcoin.

Why should the prediction of ChatGPT 4 not be used for investment decisions?

ChatGPT 4, while capable of making a rough estimate based on historical data and known factors, emphasized that it couldn’t predict future prices and hence its prediction shouldn’t be relied upon for investment decisions.

What factors do the AI chatbots consider for their predictions?

The AI chatbots consider a variety of factors for their predictions including global macroeconomic conditions, historical Bitcoin price data, market trends, the upcoming Bitcoin halving event, regulatory changes, and market sentiment.

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MikeBlockchainGuru June 25, 2023 - 5:03 am

Whoa! Didn’t expect Claude 4 to hit with $42K. Bit high for my taste but, well, we’ll see I guess.

TechNerd007 June 25, 2023 - 2:27 pm

interesting to see AI’s take on bitcoin price. not sure if it’s reliable but it’s defintely intriguing.

SatoshiFanboy June 25, 2023 - 5:14 pm

ai or not, nothing can predict bitcoin. that’s the beauty of it!

John_Doe June 25, 2023 - 5:19 pm

hmmm, pretty neat experiment. Not gonna base my investments on it though.

CryptoQueen101 June 25, 2023 - 11:47 pm

C’mon guys, AI can’t predict this stuff. too many variables. Like the stock market, it’s all a gamble in the end.

InvestingWizard June 26, 2023 - 1:50 am

it’s always good to have an estimation from AI chatbots. they’ve got no emotions and biases. quite useful.


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