ChatGPT-4o Predicts Bitcoin Surge with Potential NYSE Approval

If the New York Stock Exchange (NYSE) approves Bitcoin trading, ChatGPT-4o predicts BTC could see a significant price increase, ranging from $82,000 short-term to $200,000 long-term.

The New York Stock Exchange (NYSE) is exploring the possibility of implementing cryptocurrency trading, although current regulations are a barrier. As the world’s largest exchange by volume, this development could significantly boost the demand for cryptocurrencies, including Bitcoin (BTC).

Seeking insights on the potential impact of an NYSE Bitcoin listing, Finbold consulted OpenAI’s advanced AI model, ChatGPT-4o, for its price predictions post-approval.

ChatGPT-4o Bitcoin Price Prediction with Hypothetical NYSE Listing

ChatGPT-4o provided three potential price predictions for Bitcoin in the short, mid, and long term after considering the context of an NYSE listing.

Short-term: The AI model predicts an immediate 20% to 30% price surge following the announcement, putting Bitcoin at around $82,000. This aligns with a veteran cryptocurrency trader’s analysis reported by Finbold.

Mid-term: In the six to twelve months following the listing, Bitcoin is expected to be priced between $100,000 and $120,000. This projection accounts for new investor inflows, increased legitimacy, and broader acceptance.

Long-term: If the NYSE listing leads to further institutional adoption and market growth, Bitcoin could aim for a price range of $150,000 to $200,000. This assumes enhancements in market infrastructure and Bitcoin solidifying its role as a digital store of value.

NYSE Open to Crypto Trading with Regulatory Clarity; CME Plans Spot Trading

At the Consensus 2024 event, NYSE President Lynn Martin expressed willingness to offer cryptocurrency trading if U.S. regulations become clearer. The success of U.S.-listed spot Bitcoin ETFs, which have accumulated $58 billion, indicates strong demand for regulated crypto products. Meanwhile, NYSE’s rival, CME, plans to launch spot crypto trading for clients, as reported by CoinDesk.

Bullish CEO Tom Farley highlighted the evolving U.S. political landscape towards crypto, predicting regulatory progress in 2024-2025. Martin is optimistic about using blockchain to improve financial processes, especially for less liquid assets. However, Farley noted that regulatory distrust of public blockchains might push traditional finance firms to develop private blockchains for settlements. Clear regulatory guidance is deemed crucial for the growth and innovation of the crypto industry in the U.S.

BTC Price Analysis

As of this writing, Bitcoin trades at $67,724, maintaining a range between $60,000 and $72,000. Currently trading above the 30-day exponential moving average (30-EMA), Bitcoin shows bullish potential to challenge the range’s resistance and reach $82,000 as forecasted by ChatGPT-4o.

Additionally, Bitcoin’s daily relative strength index (RSI) suggests growing momentum, which could drive a potential bull rally. BTC has risen 60% year-to-date from the $42,284 exchange rate on January 1.

In conclusion, ChatGPT-4o’s Bitcoin price prediction depends on several factors and is not guaranteed. Regulatory developments, investor interest, and traditional finance offerings will significantly influence the cryptocurrency’s future performance

Our creator. creates amazing NFT collections! 
Support the editors - Bitcoin_Man (ETH) / Bitcoin_Man (TON)

Pi Network (Guide)is a new digital currency developed by Stanford PhDs with over 55 million participants worldwide. To get your Pi, follow this link https://minepi.com/Tsybko and use my username (Tsybko) as the invite code.

Binance: Use this link to sign up and get $100 free and 10% off your first months Binance Futures fees (Terms and Conditions).

Bitget: Use this link Use the Rewards Center and win up to 5027 USDT!(Review)

Bybit: Use this link (all possible discounts on commissions and bonuses up to $30,030 included) If you register through the application, then at the time of registration simply enter in the reference: WB8XZ4 - (manual)