Top AI Chatbots Anticipates Shiba Inu Price if Bitcoin Reaches the Projected Target as Forecasted by Bloomberg
The leading AI chatbots Google Gemini, OpenAI’s ChatGPT and Grok from X, have provided different price predictions for Shiba Inu if Bitcoin reaches $500,000 as forecasted by Bloomberg.
Bloomberg predicted in a report last December that Bitcoin could reach $500,000, following a bullish market trend and positive projections from industry leaders. This surge in value could potentially have a positive impact on altcoins such as Shiba Inu due to their close price correlation with Bitcoin. Data from IntoTheBlock (ITB) shows that SHIB has had an 87% price correlation with Bitcoin over the past 60 days.
Taking into account Bitcoin’s current trading price of $68,034 and Shiba Inu’s current price, Google Gemini, ChatGPT, and Grok were consulted to provide their predictions regarding Shiba Inu’s potential price if Bitcoin were to reach $500,000.
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Google Gemini Prediction
Google Gemini (formerly Google Bard) indicated that a 7.35x increase from Bitcoin’s current position to $500,000 would imply a proportionate growth rate for SHIB, resulting in a new all-time high price for Shiba Inu.
OpenAI’s ChatGPT Prediction
OpenAI’s ChatGPT also suggested a proportionate increase for Shiba Inu, setting SHIB’s potential price at a new all-time high.
Grok Prediction
However, Grok from Elon Musk’s X platform diverged slightly, predicting that Shiba Inu could rise by 500% if Bitcoin reaches $500,000, resulting in a price range for SHIB.
Overall, these AI chatbot responses indicate that Shiba Inu would likely react positively to a potential surge in Bitcoin to $500,000. However, it’s important to note that these conditions are hypothetical and should not be considered as investment advice. The actual outcome of Bitcoin reaching $500,000 and its impact on SHIB remains uncertain.
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