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Bitcoin halving is now nearly a yr away and ChatGPT predicts Bitcoin value to surpass $100,000 after the fourth halving occasion in 2024. However, Binance CEO Changpeng “CZ” Zhao claims that ChatGPT can’t predict Bitcoin value and downplayed the Bitcoin prediction by ChatGPT based mostly on historic Bitcoin value actions.

Binance CEO on April 20 shared a tweet mentioning Bitcoin value after three earlier halving occasions. He believes historic information doesn’t at all times predict the precise values, however it could actually trace at BTC value. The worth of Bitcoin rises massively after every halving occasion as the availability of recent cash into circulation is diminished by half.

Before & after the halving, you’ll hear numerous “why didn’t the price move (everyday)?”#bitcoin value:
1st halving, 2012 Nov: $12
2nd halving, 2016 Jul: $658
third halving, 2020 May: $8,800
4th 2024: …

History does NOT predict the longer term. But zoom out… https://t.co/979tpNq9kf

— CZ 🔶 Binance (@cz_binance) April 20, 2023

ChatGPT Predicts Bitcoin Price at $135,000 After Bitcoin Halving

As per ChatGPT, Bitcoin value can hit $135,000 after the fourth Bitcoin halving occasion in April 2024. Bitcoin halving ends in a rise within the BTC value, decreasing the block mining rewards by half and the availability of BTC.

ChatGPT predicted the Bitcoin value by evaluating the BTC value after 1st halving in 2012, 2nd halving in 2016, and third halving in 2020. As per the sequential evaluation, it involves round $135,000.

However, Binance CEO “CZ” mentioned synthetic intelligence (AI) has no thought about Bitcoin value. He didn’t shared his goal for Bitcoin value after the halving occasion. As per Ark Invest CEO Cathy Wood, Bitcoin value will hit $1 million by 2030 and $500,000 by 2026.

As per Bitcoin Halving Countdown, Bitcoin will endure halving at a block top of 840,000 between April 20-30, 2024. The Bitcoin block reward will lower from 6.25 to three.125 cash.

BTC Price To Rally 350%?

BTC price is at present buying and selling close to $30,000, 350% down from the goal value of $135,000. While the present market situations comparable to regulatory stress, bear market, and macro make it troublesome to consider that Bitcoin can rally 350% in a yr, however historic information do point out an enormous rally close to halving occasions.

At the time of writing, BTC value trades at $28,874, down 2% within the final 24 hours and over 5% in every week.

Also Read: Bitcoin (BTC) Price Sinks Another 5% As Sell-off Intensifies, Is $30K Possible Now?

Varinder is a Technical Writer and Editor, Technology Enthusiast, and Analytical Thinker. Fascinated by Disruptive Technologies, he has shared his information about Blockchain, Cryptocurrencies, Artificial Intelligence, and the Internet of Things. He has been related to the blockchain and cryptocurrency trade for a considerable interval and is at present overlaying all the most recent updates and developments within the crypto trade.

The introduced content material could embrace the private opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any duty on your private monetary loss.