The bitcoin price forecast for May is $40,000, according to ChatGPT data

In the future, it is planned to create a website, a platform for steaking, as well as the launch of crediting and voting system for memes. These and other milestones are reflected in the roadmap.

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Could bitcoin break the $100,000 mark soon? ChatGPT argues that yes

Analysts give different bitcoin price predictions for May 2023. It all depends on the trend and scenario that experts are sure of. Experts who believe that BTC will undergo a correction, call the parameters of $27.5-29.5 thousand.

According to some analysts, the coin can grow to $33-34 thousand. At the same time, there are also called indicators of $43 thousand and more. In this case, the upward trend will continue, there will be no decline.

However, there are also very optimistic scenarios, according to which the cryptocurrency will not just grow, but seriously “take off”. It can renew its maximum and even conquer the mark of $100 thousand.

Artificial intelligence ChatGPT gave a forecast in May at the level of $120 thousand. At the same time, most analysts consider this development of the plot unlikely. For such an optimistic forecast of bitcoin in 2023 to become a reality, several factors must come together: the continued sustained interest in the cryptocurrency market, the global economic crisis and other global events. In reality, such bitcoin growth remains hypothetical.

How much we can trust artificial intelligence

Artificial intelligence technologies have been rapidly developing in recent years. Tools with the latest developments are helping in many areas, including analyzing the cryptocurrency market.

ChatGPT was launched in November 2022 and has already created a furor among developers. The service is capable of performing various tasks. However, it remains unclear how effective it is in cryptocurrency forecasts.

Therefore, according to experts, it is better to take into account different points of view, rather than taking someone else’s predictions as absolute truth.

Conclusion

The future growth of bitcoin is one of the most probable scenarios for the cryptocurrency market in May. Analysts voice different forecasts regarding the value of this coin. It is expected that it will grow to $34-43 thousand.

However, the “takeoff” to the level of $100 thousand and more seems almost impossible to experts. At the same time, ChatGPT calls exactly such data. Such scatter in forecasts undoubtedly contributes to the growth of interest among users. Time will show how accurate and objective these data are.

Even if we assume that the price of BTC will eventually reach the $100,000 mark, it is unlikely that anyone will bet that it will happen in the near future.