Like ChatGPT, the Google Assistant answered how far the bitcoin price will go in the future. What was your forecast?
chatgptArtificial Intelligence tool developed by Open AI, A few days ago he answered the question whether the value of bitcoin will reach $1 million,
To the astonishment of various analysts and investors, many wondered whether Bard, a tool created by Google—and a direct competitor to ChatGPT—could make a similar forecast.
Bard wonders and gives his opinion on the price of bitcoin
foragea conversational assistant based on intelligence Synthetic developed by Googlecame as a separate option from chatgptbecause it uses its own language model called lamda (Language model for dialog applications).
When asked about the bitcoin price projection till the end of 2023, Bard chatbot said it does not have the ability to predict the future, However, he highlighted:
“Some experts believe bitcoin could reach $100,000 by the end of 2023, while others believe it could go as low as $5,000,” Bard began. He added: “Ultimately, the price of bitcoin is determined by supply and demand, and it is impossible to say with certainty what will happen in the future.”
In this particular situation, Bard emphasized three aspects affecting his estimate of bitcoin’s value.,
- world economic situation
- wide acceptance
Bard commented that he cannot predict the future, stressing that “the price of bitcoin is determined by supply and demand, and it is impossible to know for sure what will happen in the future.”
Against of chatgptChatbot developed by OpenAI who made a $1 million projection for the price of bitcoin, Bard shows some caution in his statements,
“It is impossible to say with certainty when the value of bitcoin will $1 million, However, there are several factors that could contribute to such price increases (institutional adoption, global economy, and dollar fluctuations),” he added.
Nonetheless, Bard offered an annual projection of bitcoin’s price through 2030. In that prediction, Bard suggested that bitcoin could hit $125,000 In 2025, about a year after halving.
Later, It is expected to start climbing towards the $1 million mark in 2029,
Regarding the notion that some alternative cryptocurrency (altcoin) could surpass bitcoin, a Google-built conversational assistant indicated that this could be possible, as long as three requirements are met:
- more advanced technology
- an innovative use case
- a more effective marketing strategy
Bitcoin has more and more holders and is on its way to set a record
number of holders Bitcoin that at present it has increased in the last few days,
There are more and more bitcoin holders
Simon Peters, crypto asset specialist on the e.Toro platform Did an analysis about it.
“Owners of entire coins, as measured by the number of wallet addresses The ownership of at least one bitcoin has grown steadily over the past 14 years,” he explained.
And he emphasized: “While it remained relatively stable during the years of the pandemic, Last year it reached over one million addresses for the first time,
Furthermore, the trend points to a significant increase in ownership at a time when the price of the cryptocurrency was falling.
“It is indeed a positive sign for the market and the ecosystem. environment,” he added in a conversation with Cointelegraph En Español.