AI Predictions Clash as Bitcoin's Price Soars Towards $100K

The price of Bitcoin (BTC) has surged by almost $20,000 over the past month, driven by a resurgence in the broader crypto market. This rebound is largely attributed to changes in US monetary policy and other factors.

X users are now flooded with optimism about Bitcoin's future performance, with some anticipating an explosion to $100,000 or even beyond in the short term.

We asked three AI-powered chatbots for their predictions on whether BTC can reach $100,000 by the end of Q3. Their responses were varied, but all shared a cautious outlook.

ChatGPT estimated that closing Q3 above $100K has a 25%-30% probability, requiring massive inflows into spot BTC ETFs and a dovish outcome from the FOMC meeting in mid-September.

Perplexity also claimed that the asset has a realistic shot at reaching such a level within that timeframe, paying special attention to the CLARITY Act. However, it warned that Q3 has historically brought mixed results for BTC, with no consecutive three-quarter gains on record.

Gemini, on the other hand, was more pessimistic, predicting a maximum surge to $88,000 within the next five weeks and considering an incoming collapse as likely.