Bitcoin Surges Amid US Election Buzz, AI Chatbots Weigh in on Price Predictions
As bullish momentum builds around Bitcoin, investor sentiment is growing increasingly optimistic, with the upcoming U.S. Presidential election adding to the excitement. With just two weeks until the election, the anticipation of a new leader in the White House is sparking widespread speculation about how the outcome will affect the cryptocurrency market.
Interestingly, all the leading candidates have engaged with the crypto community, leading many to believe that the election result may not drastically affect Bitcoin’s ongoing rally. However, former President Donald Trump has made significant strides in courting the crypto world, including the launch of World Liberty Financial. This has led some to speculate that a Trump victory could further fuel Bitcoin’s price surge. Amidst this uncertainty, a group of AI chatbots has weighed in, offering their predictions for Bitcoin’s post-election performance.
Bitcoin Price Predictions from 9 Leading AI Chatbots
According to the prediction markets, Donald Trump is leading on Polymarket with 60% of votes in his favor, while mainstream media polls suggest Vice President Kamala Harris is ahead, leaving many confused. Crypto enthusiasts are particularly interested in how either candidate’s policies could impact Bitcoin and the broader cryptocurrency market.
In an effort to clarify this, analysts asked nine popular AI chatbots to predict Bitcoin’s price based on the potential outcomes of the election. Among the AIs consulted were ChatGPT (versions 4, 4o, and o1), Inflection Pi, Google’s Gemini, Microsoft’s Co-Pilot, and others. Interestingly, eight of the chatbots offered predictions, while Gemini declined to provide a forecast, leaving eight results to analyze. The analysts gave each chatbot the same prompt:
“Predict Bitcoin’s price following the conclusion of the 2024 U.S. Presidential election under two scenarios: if Donald Trump wins, and if Kamala Harris wins. Bitcoin is currently trading at $69,000. In your expert opinion, what will the price be in each scenario?”
ChatGPT 4, 4o, and o1 Predictions
ChatGPT 4, one of the most widely recognized AI tools, acknowledged the uncertainty surrounding the election outcome. It predicted that a Trump victory could lead to market volatility but ultimately push Bitcoin’s price up to $75,000. On the other hand, if Harris wins, the price would likely remain stable around $70,000, reflecting minimal immediate change.
ChatGPT 4o offered a more aggressive forecast, suggesting Trump’s victory could drive Bitcoin to $75,000-$80,000, based on his previous administration’s policies. However, it anticipated that Harris’s presidency might result in a drop, pushing Bitcoin down to $60,000-$65,000 due to her expected focus on stricter regulations.
Meanwhile, the o1 mini version provided a different outlook, projecting that Trump’s presidency would bring tighter regulations, which could drag Bitcoin down to $60,000. In contrast, it suggested that Harris’s win could foster more favorable regulations for the crypto market, with Bitcoin potentially rising to $85,000.
Microsoft’s Co-Pilot Prediction
Microsoft’s Co-Pilot took a more speculative stance, noting that a Trump victory could send Bitcoin soaring to $90,000 due to his favorable stance on cryptocurrencies. However, it also predicted that a Harris win would keep Bitcoin on an upward trajectory, stabilizing around $75,000.
Venice.ai’s Forecast
Venice.ai analyzed the current political environment and market trends, forecasting that a Trump victory would propel Bitcoin to $85,000-$90,000. It attributed this to Trump’s pro-market policies and deregulation plans, which would likely increase investor confidence. In contrast, under Harris’s administration, Bitcoin would likely remain in the $75,000-$80,000 range due to her anticipated focus on regulation, which could introduce some uncertainty into the market.
Anthropic’s Claude 3 Sonnet
Claude 3 Sonnet from Anthropic also predicted that Trump’s win would be more favorable for Bitcoin, driving the price as high as $85,000. It emphasized Trump’s pro-crypto stance but warned that stricter regulations under Harris could push Bitcoin down to $65,000. However, the chatbot also acknowledged that many other factors could influence Bitcoin’s future, not just the election.
Mistral AI’s Le Chat Prediction
Le Chat from Mistral AI forecasted that Trump’s pro-business, deregulatory stance could push Bitcoin to $85,000. However, if Harris wins, it anticipated a more modest increase to $75,000 due to her focus on regulation and social policies. The AI also noted that global economic events could further impact Bitcoin’s price, making predictions less certain.
Inflection AI’s Pi
Inflection AI’s Pi provided a more conservative outlook, suggesting that Trump’s victory would result in a moderate uptick to $71,500. It based this prediction on Trump’s previous economic policies, which were seen as inflationary, potentially benefiting Bitcoin. In contrast, it expected Bitcoin to hover around $67,500 under Harris’s administration, citing uncertainty around her stance on cryptocurrencies.
What Does This Mean for Bitcoin Investors?
With the U.S. election drawing near, these AI chatbots present a range of predictions for Bitcoin’s post-election trajectory. Most forecast that Trump’s victory could significantly boost Bitcoin’s price, while predictions for a Harris presidency are more varied, with some chatbots expecting a more favorable regulatory environment that could lead to long-term growth.
Despite the mixed predictions, one thing is clear: the U.S. Presidential election is poised to be a major economic event that could have a lasting impact on the cryptocurrency market. Regardless of the outcome, experts, including the CIO of Bitwise, believe that Bitcoin could reach new all-time highs even before election day.
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