ChatGPT Outlines Potential Scenarios That Could Lead BTC To Hit $1M In 90 days

[Artemis3]

Price predictions are silly. Can it happen? Sure, but not necessarily when you want or when you expect it.

Suppose the US gov can't stop the panic and half the banking system collapses, Biden will probably turn on the printer (or digitally with their new CBDC) to aid the banks at the expense of yet more inflation, so by the USD losing value it can reach 1M which could have the same purchasing power of say, current 30k.

And i have experienced that at least 3 times in my lifetime with my local fiat (which can disappear for all i care), so really the word "million" doesn't mean anything, its just some minor annoyance and prices simply don't mean much anyway. The only problem is people keeping savings in fiat, they will lose their wealth, because that's what its designed for: Don't save, invest or lend to others is what they want you to do with it... (a bank deposit in reality is you lending your money to them).

Enter Bitcoin, you need to read Austrian school of economy to understand how it all fits together.

If they manage to stop the panic, does it mean it will never hit 1M? In my opinion, it will just take more time. Two facts: USD emission is infinite, BTC is not.

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[South Park]

Cmon, let's use your brain. There are zero possibilities that we will have 1m in a year and people are talking about 90 days. It's to stupid to even call it as a dream

We must admit that the possibility of this happening is incredibly low, but it is not zero, however for this to happen a complete collapse of the economic system as we know it will need to happen, and even if the system is frail after decades of abuse it is unlike that what it has not happened during the previous years is going to happen during the next days, besides even if this happened we will need to question ourselves about what one million dollars will buy in that scenario, as it is unlikely it will buy what it can buy now.

[serjent05]

Cmon, let's use your brain. There are zero possibilities that we will have 1m in a year and people are talking about 90 days. It's to stupid to even call it as a dream

I also think the same way.  Even with all this news and hype, I don't think Bitcoin will hit $1m valuation in 90 days.  Chatgpt will only tell the potential scenarios of hitting the stated price of Bitcoin, but it is only a theory that favors Bitcoin price increase. At the end of the day, it is the Bitcoin adoption and market activities that will tell whether Bitcoin will reach $1m or not.

Do we think that bitcoin adoption will grow 3700% in just 90 days?  And if ever it does, how about people who are cashing out?  We can never ignore the resistance and even if FOMO kicked in the market, I still don't think it can carry Bitcoin to $1m in just 90 days.  Maybe some decade after.

[molsewid]

This may help as some people will buy bitcoin which may further lead to increase in bitcoin price. But you should know that bitcoin is not even going to all-time-high anytime soon. As I read on a news yesterday that former Coinbase CTO made bet that bitcoin is going to $1 million in 3 months, I only see it has a lost bet with poor analysis.

Exactly, people need to strengthen their mind in their doing every day. because they might panic sell or panic buy because of this. But some of my friend seethat bitcoin might go up to some price but then it will go down deeper after, I mean it is not yet the time for bitcoin to pump endlessly. I think I will rely more on them rather than using AI, though I'm not saying I'm against it but it is more probably than having 1M$ in 90 days.

[_act_]

Exactly, people need to strengthen their mind in their doing every day. because they might panic sell or panic buy because of this. But some of my friend seethat bitcoin might go up to some price but then it will go down deeper after, I mean it is not yet the time for bitcoin to pump endlessly. I think I will rely more on them rather than using AI, though I'm not saying I'm against it but it is more probably than having 1M$ in 90 days.

That is how I think about it too, that bitcoin will decrease in price which can be down to $17000 and then pump back up, bitcoin will halve and we are going to see more pump and most especially all-time-high.

About AI price guess of bitcoin getting to $1 million. Even in the next pump, $500000 is not certain not to talk of $1 million.

[NotATether]

Normally I'd be mocking an AI trying to answer these high-level and complex questions, but it's on the spot guys. Wow.

None of these scenarios are realistic in the near future, however.

Also, I don't think it would hit $1M that fast even if these things did happen. The more likely scenario would be $100K, with $1M following in a few years (YEARS).

[drwhobox]

1 million dollars in 90 days! That is some stupid prediction not a bold prediction. Why would you listen to some guy from India who bought some bitcoin and created hype among his followers to buy more bitcoin so he can make some quick profit from it.

To shed some light on the issue, we spoke with ChatGPT, an AI language model trained by OpenAI, to explore some of the potential scenarios that could cause Bitcoin’s price to surge to such a high level in such a short period of time.

The funniest part of your post! You guys take predictions from chatGPT to confirm the predicted price of bitcoin.

[franky1]

heres a thought..
human: what can make bitcoins price rise (no time frame)
chatAI: lists possible scenarios

human, edits chat AI response to then make it look like all possibilities can occur in 90 days, even though thats not the request human posts edited response with clickbait title of 90 days


things to note.
when chat AI talks about ETF institutional pension money. thats not a within 90 days scenario

when chat AI talks about fiat inflation. thats not a within 90 days scenario

when chat AI talks about the halving in over 390 days. thats not a within 90 days scenario

what chat AI talks about  global shift of economic order.. thats not a within 90 days scenario

i think some asked AI what things can make the price rise (no time scale) .. AI gave some answers and then someone added a 90day subject line onto his media conversations and posts to pretend its going to happen in 90 days even though common sense shows some of those scenarios all take longer to occur and some are unlikely to occur at all

[seoincorporation]

Former Coinbase CTO Balaji Srinivasan has recently made a bold bet on Bitcoin’s price, predicting that the cryptocurrency will reach $1 million within the next 90 days.

This is just impossible, I don't know what makes him do such a declaration... but even if the crypto market capitalization doubles up the price will not be close to 1 million.

Even in an epic scene where Tesla and Mac sell all their actions and invest that money in Bitcoin that will not send the price to $1M/coin... The amount of money that we need in the markets to see bitcoin at that price is just too much to make it happen.

[passwordnow]

It all sums up massive adoption and halving. I am a believer that someday that bitcoin will reach $1M but not this fast, maybe after a decade or close to it. I do really believe that something like this will trigger the price but it's gonna be a long way to go and it may look easy as it is as the trend changes every bull run. But who knows if, by the time it comes, it's gonna be less than a decade since the market shifting is very quickly happening and adoption is also increasing every time we meet a bull market.

[mendace]

It all sums up massive adoption and halving. I am a believer that someday that bitcoin will reach $1M but not this fast, maybe after a decade or close to it. I do really believe that something like this will trigger the price but it's gonna be a long way to go and it may look easy as it is as the trend changes every bull run. But who knows if, by the time it comes, it's gonna be less than a decade since the market shifting is very quickly happening and adoption is also increasing every time we meet a bull market.

Bitcoin's price is notoriously volatile and that there are many variables that influence its value, including public adoption and news affecting the cryptocurrency market, but it is important to keep in mind that there is no guarantee that the price of Bitcoin will ever reach $1 million or that it will take less than a decade to do so.
I'm really skeptical about your opinion but I'm pretty sure that mass adoption will happen sooner or later.