Top AI Chatbots Anticipates Shiba Inu Price if Bitcoin Reaches the Projected Target as Forecasted by Bloomberg
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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.
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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.
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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.
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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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