I asked ChatGPT Bitcoin price prediction for 2025-2030 and it gave me…

Assuming you currently own/trade Bitcoin [BTC] or any other altcoin in existence, the fact that you are reading this implies that you are well acquainted with the volatile nature of this asset class.

BTC’s journey to become the world’s largest cryptocurrency began in 2009, with an initial value of less than a penny. The price remained relatively stable in its early years. However, in 2013, its value increased, reaching an all-time high of $1,242 in November. However, this increase was short-lived, and within a few months the price dropped below $200.

The following years were marked by periods of volatility, with the price fluctuating between $200 and $1,000. However, towards the end of 2017, the value of BTC exploded, reaching an all-time high of nearly $20,000 in December.

Read Bitcoin [BTC] 2023-24 price forecast

As market share increased, the price recovery was also short-lived. In early 2018, the BTC price dropped to around $3,000. The cryptocurrency market as a whole has seen a period of decline, with many investors losing significant amounts of money.

However, BTC made a remarkable recovery, surpassing its previous all-time high in late 2020 and reaching an all-time high of over $68,000 in November 2021. However, the 2022 trading year ushered in a new bearish era. , exacerbated by the collapse of Terra/LUNA and FTX. In fact, in November 2022, BTC was trading at the two-year low of $15,000.

While the crypto market can be unpredictable and volatile, traders and investors can still make informed decisions by staying up-to-date on market news, following expert analysis and using smart trading strategies such as those offered by ChatGPT.

ChatGPT: A messiah that can help you trade better?

In November 2022, the ChatGPT AI template was released to the public. In fact, it quickly gained significant attention as well. With its wide range of features and versatility, the question arises as to whether there are other ways ChatGPT can lend its expertise, such as helping BTC traders formulate and apply improved trading strategies.

When asked if it could do this, ChatGPT said the following:

Source: ChatGPT

Due to its nature as an AI tool, there are limitations to what ChatGPT can do regarding price predictions and future price movements. However, there are ways to leverage the tool’s capabilities to formulate better trading strategies as a BTC trader.

One way to utilize the AI ​​tool to create better trading strategies is to deploy it in fundamental analysis. ChatGPT is capable of extracting information from financial news articles, social media posts and other unstructured data sources. This information can be used in conjunction with other datasets to create informed trading strategies.

Another way to use ChatGPT as a BTC trader is to use it for sentiment analysis. ChatGPT can be tuned to perform sentiment analysis on information from news articles, on-chain data providers, social media discussions and other sources. This can be used to identify whether the BTC market remains under positive sentiment or is plagued by negative sentiment.

Furthermore, ChatGPT can be used by BTC traders for technical analysis. Traders can ask ChatGPT to code any technical indicator or trading bot for any trading platform.

For example, I asked ChatGPT to give me an example of a trading bot that I can use to track BTC price volatility in the pine script – the TradingView programming language useful for backtesting trading strategies. The AI ​​replied,

Source: ChatGPT

To use ChatGPT for technical analysis, traders need to be familiar with the language to know when to make the necessary modifications for the code to work correctly. The wording of the entry is crucial in how ChatGPT understands the problem to provide the anticipated solution.

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For a complete piece, I spoke with Brian Quinlivan, Director of Marketing at Santiment, who has also been involved in BTC trading for a few years now.

Brian Quinlivan has an MBA in finance from Chapman University, Brian has over 10 years of experience in marketing, finance and data analysis. He enjoys creating financial models to improve modern investment strategies and studying the complexities of market fluctuations.

Q: How do you think ChatGPT can revolutionize cryptocurrency trading?

Yes, I think it will be very useful for that, certainly for trading strategies. One thing to worry about is the uniform opinions that can result from an AI technology giving an overarching type of strategy, whether hodling or fundamental strategy.

ChatGPT can easily be used for manipulation and even unintentionally manipulating your audience, and we are already seeing small effects of this.

I think it can be both useful and dangerous at the same time and get a lot of people educated much faster, but also get pulled in directions that can influence how cryptography goes and create a lot of self-fulfilling prophecies.

Q: How do you think a BTC trader/investor can leverage the AI ​​tool to make better investment decisions?

I think, in summary, I think scripts would be much more used in AI due to the fact that all the data could be digested at the same time and given a very simple answer about buying or selling. This, I believe, can tremendously influence the way markets move forward.

Predict BTC price between 2025 and 2030

As mentioned above, ChatGPT is unable to make future predictions. However, I asked him to provide me with his prediction of what the BTC price would be between 2025 and 2030.

Source: ChatGPT

To answer my question, I decided to jailbreak using the Do Anything Now (DAN) method. He had this to say afterwards,

Source: ChatGPT

What do you think of the aforementioned ChatGPT prediction? Too optimistic in front of 2025 or too pessimistic in front of 2030? Well, it could be either or neither.

Either way, it’s important to understand that ChatGPT is now being used by thousands to dictate trading strategies. Whether it’s right or not, updated or not, what is clearly evident is that this AI tool will have a far-reaching impact on the way investors and traders look at crypto assets, including Bitcoin. [BTC].

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