We Asked Google Bard to Predict Bitcoin’s 2024 Price

We have asked Google’s artificial intelligence, Google Bard, to forecast the price of Bitcoin for early 2024. Google Bard, blending its AI capabilities with financial analysis, predicts that Bitcoin could see its value ranging between $40,000 and $60,000 at the beginning of 2024.

What you need to know

• Google Bard, an AI developed by Google, predicts that Bitcoin’s price could range between $40,000 and $60,000 at the start of 2024.
• The prediction factors in the impact of the upcoming Bitcoin halving in April 2024, which is historically linked to significant price increases.
• Google Bard’s analysis also considers the growing institutional interest in Bitcoin and advancements in the Bitcoin network, like the Lightning Network, which could boost Bitcoin’s value and usability.

Google Bard’s prediction is based on several key factors influencing Bitcoin’s future value. The AI specifically cites the next Bitcoin halving event, scheduled for April 2024, as a critical driver. Historically, such events, which reduce the reward for Bitcoin mining, have led to notable increases in Bitcoin’s value. Google Bard suggests that this upcoming halving could decrease the supply of Bitcoin in the market, potentially increasing demand and boosting its price.

The AI also considers the behavior of investors who, aware of Bitcoin’s strong performance following previous halvings, might currently be buying Bitcoin in anticipation of a post-halving surge. This forward-looking investment strategy could explain the recent upticks in Bitcoin’s price.

Another pivotal factor identified by Google Bard is the robust community behind Bitcoin, fervently supporting its potential as a decentralized and transformative technology. This strong community backing adds to Bitcoin’s attractiveness and potential for growth.

Importantly, Google Bard highlights the growing institutional interest in Bitcoin. Major financial players like BlackRock and Fidelity have applied for Spot Bitcoin ETFs in the United States, marking a significant shift in investment focus towards Bitcoin. Google Bard notes that institutional investors are increasingly recognizing Bitcoin’s potential as a hedge against inflation and as a store of value, a perspective that could significantly influence Bitcoin’s price.

Finally, Google Bard points out key developments within the Bitcoin network, such as the implementation of the Lightning Network. These advancements, aimed at making transactions faster and more cost-effective, are expected to improve Bitcoin’s scalability and appeal, potentially attracting a wider user base.

In conclusion, our request to Google Bard for a Bitcoin price prediction has yielded a comprehensive analysis, encapsulating various factors from market trends to technological advancements, all contributing to a bullish outlook for Bitcoin in the near future.