ChatGPT, which is based on artificial intelligence principles, announced that the value of a limited resource at constant or increasing demand is increasing.
This means that after halving the price of VTC should increase, because it means that bitcoin has become an even more scarce asset.
The first-capitalized cryptocurrency has survived three halvings.
The first event occurred on November 28, 2012, the second on July 9, 2016, and the third on May 11, 2020.
In the first case, the reward fell from 50 BTC to 25 BTC per block, in the second to 12.5 BTC, in the third to 6.25 BTC per block.
ChatGPT recalled that all three halving cases were accompanied by multiple increases in the value of the crypto-asset.
Therefore, based on historical data, the information and reference system sees no prerequisites for a possible fall in the bitcoin exchange rate as a result of the 2024 halving.
ChatGPT notes: there are many explicit and implicit factors affecting the BTC price forecast, which may not be predictable due to their dynamic change over time.
That is “past performance cannot guarantee investors their future results.
In particular, the value of bitcoins can be affected by market demand, investor sentiment, acceptance rates, regulatory environment, technological advances, and macroeconomic conditions.
This is not the first attempt to predict the behavior of the price of VTC during the halving phase of 2024.
Earlier, analysts at Germany’s oldest bank, Berenberg Bank, said that future halving, as well as a combination of circumstances, evolution and time, will be a springboard for bitcoin value growth.