Text-based artificial intelligence platform ChatGPT has gained prominence for its ability to handle a wide range of tasks with high accuracy. One area where the tool can be leveraged is in trading by offering possible price movements of different assets in the market.

In this regard, Finbold asked ChatGPT to share Bitcoin’s (BTC) possible price by 2030 based on various metrics, such as traditional price movement, technical analysis, and other relevant metrics.

Interestingly, the tool acknowledged that it is challenging to predict the price of Bitcoin in the long run, citing the high market volatility and regulations. However, the AI-powered platform notes that there remains room for Bitcoin to rise in the coming years, citing the maturing markets and increased adoption.

“It is impossible to predict the price of Bitcoin in 2030 with any degree of accuracy. The price of Bitcoin is highly volatile and is subject to many external factors, such as government regulations, economic conditions, and technological advancements. <…> As the cryptocurrency market matures and more people become aware of the potential of digital currencies, Bitcoin will likely become more widely accepted, and its value will continue to rise,” said ChatGPT.

Notably, the projection by ChatGPT aligns with a prediction of Bitcoin proponents who believe that the asset is on its way to mainstream adoption. 

ChatGPT’s potential

Although the tool remains in its experimental stages, initial…