Predict Bitcoin Price using ChatGPT
Hey AI Enthusiast,
Welcome to the latest edition of your Friday newsletter “Solve with AI”.
Bitcoin is creating buzz lately due to it’s price swing and growth. On Feb 6th 2024, Bitcoin price was $43,095. In just 30 days, Bitcoin price has jumped to $66,514 (54% increase).
Wow!
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The Bitcoin all time high (ATH) price is $69,000.
That explains why the crypto world is going crazy.
Source: Google Finance
Another reason for the excitement is Bitcoin halving which is scheduled for April 19th 2024. Without getting into the deep technical details, let me explain what is halving.
Every 4 years, Bitcoin mining goes through a 50% reduction in miner fees. Miners make half of what they were making prior to halving.
When miners make less, they mine less Bitcoin. When the supply goes down and demand rises, the price goes up.
That’s why Bitcoin is deemed as digital gold and the only asset that has a defined quantity (21 million max).
Anyways.
I don’t want to bore you will technical stuff. I want to talk about how you can use ChatGPT to predict the price of Bitcoin.
Wait…what?
Ok, before you get too excited I want to share a disclaimer.
Disclaimer: The content of this newsletter is for educational and entertainment use only, not a financial advice. The author (Sameer Khan) is not a financial advisor and none of this is a trading advice. Opinions are the author's alone and carry no endorsement from others. Investments, especially in cryptocurrencies, are risky; invest only what you can afford to lose and you are solely responsible for your own investment decision. Do your research and consult a financial advisor before investing. The author is not liable for any losses or damages from this information.
Now, let me give you a little history lesson.
I promise it will not be boring.
