Misconception about Bitcoin’s All-Time High Price on ChatGPT

Date:

ChatGPT, the AI chatbot that emerged less than a year ago in the AI community, has been making waves due to its ability to provide precise answers regarding various questions and inquiries. However, it is worth noting that the virtual machine is not infallible and may produce some errors. In the latest developments, it appears that ChatGPT provided an incorrect answer when asked if Bitcoin had ever reached or exceeded $100,000. The chatbot responded that the primary digital asset not only breached the $100,000 mark, but it also exceeded it on multiple occasions in 2021 and 2022. This is confusing, given that the chatbot admitted its records ended in September 2021.

Despite this, ChatGPT is still a reliable source of information, particularly regarding Bitcoin’s operations, decentralization, mining, and other related topics. The cryptocurrency community has particular sentiments when it comes to the $100,000 milestone, as it represents the community’s aspirations and dreams for Bitcoin to reach six-digit numbers. Unfortunately, Bitcoin’s price chart tells the opposite story as the asset’s price dropped to under $17,000 by the end of 2022. Despite a positive start in 2023, with Bitcoin trading nearly 60% higher, there is still a long way to go before the asset hits the $100,000 mark.

ChatGPT has become a go-to chatbot for numerous questions and inquiries in the AI community. Despite some errors, it is a reliable source of information and provides real-life answers as it continues to readjust.

The cryptocurrency community has a particular affinity for the $100,000 milestone, hoping that Bitcoin will eventually break the six-digit territory.

See also  Apple Set to Integrate OpenAI ChatGPT into iPhones, iPads, and Macs

Twitter lasers with eyes and legacy investors praised Bitcoin for its numerous new ETF launches, large companies buying portions of the asset, with a string of positive news in late 2021. Unfortunately, the asset reached a peak of $69,000 in November 2021 before sliding down to under $17,000 by the close of the year. Despite a promising start in 2023, with nearly 60% in price improvement, Bitcoin is a long way from the $100,000 target.

Frequently Asked Questions (FAQs) Related to the Above News

Please note that the FAQs provided on this page are based on the news article published. While we strive to provide accurate and up-to-date information, it is always recommended to consult relevant authorities or professionals before making any decisions or taking action based on the FAQs or the news article.

Share post:

Subscribe

Popular

More like this
Related

Google Maps Testing Sponsored Pitstops on App, Drivers Concerned about Distractions

Google Maps testing sponsored pitstops on app, drivers concerned about distractions. Are these pop-up ads safe for drivers? Stay informed with the latest tech news from the Times of India's Tech Desk.

American Voters Push for Controlled Approach to AI Development, Poll Shows

American voters prefer safe AI growth over competition with China, survey shows. Bipartisan support for cautious approach to regulation.

OpenAI Challenges The New York Times’ Journalism Authenticity

OpenAI questions The New York Times' journalistic integrity amid concerns over AI-generated content. Impacting journalism's future.

Groundbreaking Study Predicts DVT Risk After Gastric Cancer Surgery

Discover a groundbreaking study predicting DVT risk after gastric cancer surgery using machine learning methods. A game-changer in postoperative care.