Bitcoin Price Predicted to Surge to $80,000 by 2024, According to ChatGPT AI
The cryptocurrency market has been marked by significant volatility in the past six months, with the price of Bitcoin fluctuating between $25,000 and over $45,000. However, according to the analysis conducted by ChatGPT, an AI model, Bitcoin is expected to experience a bullish run in the coming years.
The AI model predicts that Bitcoin could reach new all-time highs by the end of 2024, provided that a Spot ETF is approved in the United States. The approval of a Bitcoin ETF is seen as a significant development that could attract institutional investment and enhance the legitimacy of cryptocurrencies among mainstream investors. ChatGPT anticipates that Bitcoin’s price could range between $60,000 and $80,000 in the months following the ETF’s approval.
While the AI model is optimistic about Bitcoin’s future, it emphasizes that this projection is contingent on market sentiment remaining positive after the ETF’s approval. Some investors might choose to sell their assets following the long-awaited approval, which could potentially affect Bitcoin’s trajectory.
In addition to Bitcoin, ChatGPT also identifies other cryptocurrencies with growth potential in 2024. One of these lesser-known cryptocurrencies is Pandoshi, which operates on a Layer-2 network based on Proof of Stake. This network is considered to be more environmentally friendly compared to the traditional Proof of Work system used by Bitcoin.
The Pandoshi ecosystem offers various components such as a decentralized exchange, a non-custodial wallet for enhanced security, metaverse gaming, educational platforms, and cryptocurrency prepaid cards that do not require KYC verification. All these components are powered by PAMBO, the native cryptocurrency of the ecosystem initially deployed on the Ethereum blockchain.
PAMBO follows a deflationary model with a buy-and-burn mechanism, where tokens are purchased at market prices and subsequently removed from circulation, increasing their scarcity. The currency also benefits from transaction fees imposed by the exchange, which are used to acquire and retire PAMBO tokens, further enhancing their scarcity and potential value.
Pandoshi is currently in its presale phase and has already raised over $1.7 million, with the token priced at $0.006. ChatGPT predicts that the token price of Pandoshi could potentially escalate to between $0.50 and $1.00 by the end of the year, driven by the increasing demand for versatile crypto solutions and the robust features of the Pandoshi wallet.
Following the presale, PAMBO is scheduled to be listed on prominent decentralized exchanges like Uniswap, as well as centralized exchanges such as Binance and Coinbase. This listing is expected to further boost the market price of PAMBO, attracting new investors interested in acquiring the token.
In summary, ChatGPT’s analysis suggests that Bitcoin’s price could skyrocket to $80,000 by 2024 if a Spot ETF is approved. The AI model also identifies Pandoshi, a lesser-known cryptocurrency, as having substantial growth potential in the coming years. With its versatile crypto solutions and strong wallet features, Pandoshi could see its token price rise to between $0.50 and $1.00 by the end of this year.
