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 <p class="paragraph">Due to the soaring interest in artificial intelligence (AI) sparked by the launch of ChatGPT, similar platforms have demonstrated their own utility, including Google Bard, which has shown remarkable capability to analyze trends in the cryptocurrency industry and assets like Bitcoin (BTC).</p>
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 <p class="paragraph">Considering that Bitcoin has <a rel="noopener noreferrer nofollow" title="start" href="https://thebittimes.com/tag/start.html">start</a>ed to consolidate its gains from the previous weeks and is now back in the higher $ 35,000 zone, Finbold has consulted Google Bard for insights on the possible <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> of the flagship decentralized finance (DeFi) asset at the <a rel="noopener noreferrer nofollow" title="start" href="https://thebittimes.com/tag/start.html">start</a> of 2024.</p>
 <h2 class="wp-block-heading" id="h-bard-s-estimations-for-bitcoin">Bard’s estimations for Bitcoin</h2>
 <p class="paragraph">As the AI chatbot pointed out, a “potential price range for Bitcoin at the start of 2024 could be between $40,000 and $60,000,” which “reflects the possibility of a moderate price increase due to approaching halving, growing institutional interest, and ongoing network developments.”</p>
 <p class="paragraph">That said, Bard still warns that this is just a potential price range, and the price of the maiden cryptocurrency at the start of 2024 could be higher or lower, so conducting thorough research and exercising caution before making any investment decision is crucial.</p>
 <h2 class="wp-block-heading" id="h-factors-at-play">Factors at play</h2>
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 <p class="paragraph">As the AI platform pointed out, a number of factors could influence the <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> of Bitcoin at the year’s turn, including its historical <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> movements that have witnessed significant fluctuations throughout its history, reaching an all-time high (ATH) of nearly $69,000 in 2021 but declining massively to its current level.</p>
 <p class="paragraph">Additionally, the approaching halving in April 2024 “is a significant event that could positively impact the price,” according to Bard, who added that “halving reduces the reward for mining Bitcoin, potentially leading to a decrease in supply and an increase in demand, which could drive up the price” as shown before.</p>
 <p class="paragraph">Furthermore, the chatbot noted the “strong and passionate community of users and supporters who believe in its potential as a decentralized and transformative technology,” which could give way to Bitcoin’s long-term <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> appreciation.</p>
 <p class="paragraph">On top of that, “institutional investors, such as hedge funds and large corporations, have shown increasing interest in Bitcoin, recognizing its potential as a hedge against inflation and a store of value,” which could further boost the <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> of Bitcoin, according to Bard.</p>
 <p class="paragraph">Finally, the chatbot pointed out the “ongoing developments on the Bitcoin network, such as the implementation of the Lightning Network for faster and cheaper transactions,” that “could enhance its scalability and usability, potentially attracting more users and driving up demand.”</p>
 <h2 class="wp-block-heading" id="h-bitcoin-price-analysis">Bitcoin price analysis</h2>
 <p class="paragraph">As things stand, the price of Bitcoin at press time stood at $35,832, down 1.78% on the day but still holding onto the modest gain of 1.48% across the previous week and a more significant increase of 29.06% on its monthly chart, according to the latest data on November 15.</p>
 <figure class="wp-block-image aligncenter is-resized"><img decoding="async" loading="lazy" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/zKfPEDy2YLbQZHbruEGzKQp0Ogvsv2RoSAQvEdzZ3_61DSGguh0UlBXpOs4emdKoRJSCXZR3znqp8HLRE-8EzM-bd923o4HC5K1SEm-TLdvkMcWn9PISOU41zZnyYzoo4V9WdShhUL4LsMXpRQMdHAk" alt width="834" height="556">
  <figcaption class="wp-element-caption"><em>Bitcoin 30-day price chart. Source: </em><em>Finbold</em>
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 <p class="paragraph">All things considered, Bitcoin is in a position to reach the <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> range set by Google Bard, particularly in the growing anticipation of the next halving event, wider acceptance in the mainstream, increasing institutional attention, and the expanding utility of its network.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/google-bard-predicts-bitcoin-price-for-start-of-2024-tbt70363.html">https://thebittimes.com/google-bard-predicts-bitcoin-price-for-start-of-2024-tbt70363.html</a></p>

Google Bard predicts Bitcoin price for start of 2024

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