Wednesday, November 27, 2024

Bitcoin on the Brink: AI Predicts a Soaring $140K!

/ Yonhap News
Yonhap News

As Bitcoin continues its rally, approaching the $100,000 milestone, artificial intelligence (AI) predicts it could soar to $140,000, fueling the ongoing cryptocurrency rally.

On Sunday, cryptocurrency news outlet CoinDesk reported that Intelligent Alpha’s AI system forecast that Bitcoin would surpass $140,000.

Intelligent Alpha is a company that uses three prominent AI systems – ChatGPT, Google’s Gemini, and Anthropic’s Claude – which have sparked an AI boom on Wall Street. The company manages a $30 million fund with minimal human intervention.

Doug Clinton, CEO of Intelligent Alpha, explained, “We have spent the last five months training our AI model on Bitcoin-related data. Our goal is to develop AI as a powerful tool for cryptocurrency trading.”

Clinton added, “In the bull case — which was a Trump win and a more favorable regulatory environment — AI saw that bitcoin could maybe go to $140,000.”

Meanwhile, Bitcoin was recently on the verge of breaking the historic $100,000 mark, reaching $99,800 on the 22nd. However, it has since experienced a three-day downturn, dropping below $94,000.

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