The last 12 months have been a wild ride for Bitcoin holders. The original crypto coin has been through an extremely volatile period, just like the rest of the crypto market.
The good news is that price swings have provided plenty of ammunition for Chat GP and Google Bard, two powerful AIs known for their crypto price prediction. Armed with numerous data points, both have been tasked with making an accurate prediction about Bitcoin’s price direction.
Comparing ChatGPT and Google Bard’s Bitcoin price insights can provide us with a glimpse into the future of the world’s original cryptocurrency. Both AIs also had something to say about Bitcoin Minetrix (BTCMTX), the upcoming Bitcoin derivative, offering a chance for massive gains for early investors.
ChatGPT’s Bitcoin Price Insights
ChatGP identified several key factors that could influence Bitcoin price. Currently, Bitcoin is trading sideways, which AI is interpreting as a consolidation period in preparation for a breakthrough event. Interestingly, ChatGP says that the breakthrough can happen in any direction, which is doing little to encourage investors to buy BTC.
The pending ETF approval for BTC ETF is still unresolved, but if approved, it could be a major event that could lead to significant gains for Bitcoin. It will open a whole new market for Bitcoin and create a massive demand.
The overall market sentiment is not very inductive for new investment, as the atmosphere of fear is still prevailing. A lot of people still remember not only the last year’s crash but the recent events as well, which led to Bitcoin taking a dive.
The market sentiment is directly connected with the global economic situation, still struggling to combat the effects of pandemics and the Russian invasion of Ukraine. Inflation is still not under control in many parts of the world, and the sentiment is that the economy is still not out of the woods. These are all factors that could impact the Bitcoin price negatively.
ChatGP concludes its Bitcoin analyses predicting that Bitcoin could reach between $30,000 and $45,000 by the end of the year.
Google Bard’s Bitcoin Price Insights
Google Bard offers far more balanced analyses of the future Bitcoin price. It also highlights ETF approval and global economic recession as key factors that could have a massive effect on Bitcoin price but also adds a few of its own.
One of the most important ones that could affect BTC is institutional adoption. If more institutions would accept Bitcoin as either a legal tender or a store of value, its price would skyrocket. However, the AI also listed several factors that could impact the price negatively.
Regulatory issues are one of those factors. If bodies like the SEC continue to crack down on cryptocurrencies, the BTC price will most likely suffer as a result of growing uncertainty. Google Bard also thinks that increased competition in the crypto market could impact the Bitcoin price, with thousands of cryptocurrencies currently on the market. Bitcoin derivatives like Bitcoin Minetrix especially pose a threat to the BTC price, as they offer similar functionality and improved performance at a fraction of the price.
Google Bard found that these factors are too conflicting to make an accurate Bitcoin price prediction, saying that it is most likely that BTC will finish the year in the $30,000 to $40,000 range.
Bitcoin Minetrix Is a Top Candidate for Breakthrough According to ChatGPT and Google Bard
ChatGPT and Google Bard’s overall optimism about the EOY Bitcoin price also extends to Bitcoin Minetrix, the latest BTC derivative promising a modern version of the venerable coin.
The new token raised more than $400,000 in just days since its presale started, proving how popular the concept is. The massive interest from investors this early in presale bodes well for the token’s future, setting it up perfectly for explosive growth once it hits the open market.
Bitcoin Minetrix offers an innovative approach that completely upends the way we think about Bitcoin. It combines several key features absent in the original crypto coin which will ensure its longevity and utility. The first one is staking, something Bitcoin sorely lacks. Staking has become a very popular feature on the market, allowing holders to create a stream of passive income for years to come. Bitcoin Minetrix offers one of the highest staking annual revenues in the industry, providing a powerful incentive to its holders to stake their tokens.
Staking rewards are earned through a novel cloud mining feature. Instead of physical mining, which requires expensive rigs and burns huge amounts of energy, cloud mining is an efficient process that allows users to buy a stake in third-party mining operations without the need to invest huge sums of money upfront.
Mining allocation accounts for 42.5% of the total BTCMTX supply, enough to fund the operation for decades to come.
Bitcoin Minetrix Presale Racing Towards End
With the Bitcoin Minetrix presale off to an amazing start, the time frames laid out in the project’s whitepaper may need to be revised and brought forward. With almost 10% of its stated hard cap goal reached in less than a week, it is clear that Bitcoin Minetrix is a huge hit and its future on the crypto market is secured. Several huge presale purchases indicate that even some whales have taken an interest in the project, a clear demonstration of its prospects.
The huge success the token enjoys is in large part due to the capability of the team behind it. They have undergone a thorough audit by Coinsult, the industry leader when it comes to crypto audits. The team passed its audit with flying colors, indicating that the investors don’t have to worry about rug pulls or pump-and-dump schemes we see too often on the market these days.
While both ChatGPT and Google Bard are moderately optimistic about the future Bitcoin price, both of these AIs have named Bitcoin Minetrix as the token that could upend these predictions. An innovative staking and cloud mining platform, Bitcoin Minetrix offers a modernized version of Bitcoin, provided with functionalities the original coin lacks due to its aging network. The popularity of this approach has already been proven by the massive success BTCMTX presale enjoys, and we can easily see ChatGPT and Google Bard predictions about its price coming to life as soon as it hits the open market.