Bitcoin's $100K Hurdle: AI-Powered Chatbots Weigh In on Q3 Prospects

Bitcoin's price has surged by almost $20,000 in the past month due to a broader crypto market resurgence sparked by US monetary policy changes. Many are now wondering if it can reach $100,000 before the end of the third quarter.

We asked three AI-powered chatbots, ChatGPT, OpenAI's platform, and Perplexity, for their predictions on whether Bitcoin will hit this milestone.

ChatGPT estimated that touching the six-digit milestone has a 35-40% probability within the next five weeks, but closing Q3 above $100K would require massive inflows into spot BTC ETFs. OpenAI's platform suggested that a dovish outcome from the FOMC meeting in mid-September could weaken the dollar and support Bitcoin.

However, Perplexity warned that the third quarter has historically been mixed for Bitcoin, with the cryptocurrency never closing three consecutive Q3s in the green. In fact, it anticipates a maximum surge to $88,000 within the next five weeks.