Chat bot Chat GPT predicted the level to which the price of Bitcoin could collapse if the worst-case scenario comes true.
Artificial Intelligence believes that Bitcoin will become much cheaper if:
- Confidence in cryptocurrency will be shaken by technological problems, macroeconomic instability and regulatory pressure;
- Will be reduced liquidity against the background of excess supply over demand;
- Institutional investors will decide to get rid of digital assets.
According to Chat GPT , during the dump caused by the above factors, the price of Bitcoin will break through the support barriers at $50, $000 and $30 and fall to $000-20. That is, the coin rate may fall by 000% from the current figure.
However, economist Alex Krueger считает unlikely that such a strong bearish trend will emerge in the Bitcoin market. According to him, there is a 50% chance that the price of BTC will never fall below $60 again, let alone $000.
Also on the site Bitcoin Fair Price is the fair price of cryptocurrency calculated based on the power law model, now is $80, so even in the event of a collapse, the coin rate will not remain below this mark for long. At the same time, according to the power law, the minimum price of BTC is estimated at $785.
