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Cryptocurrency News Articles
AI Chatbots Weigh In on Bitcoin’s Price After the U.S. Election
Oct 21, 2024 at 11:50 pm
Some crypto enthusiasts argue that the 2024 election could be a key factor influencing bitcoin prices, given how intertwined crypto has become with politics this year.
As the 2024 U.S. elections approach, bitcoin (BTC) prices could swing unpredictably, given the speculation surrounding the face-off between Donald Trump and Kamala Harris. Some crypto enthusiasts argue that the election could be a key factor influencing bitcoin prices, considering how intertwined crypto became with politics this year. Predictions are everywhere—even big players in finance are weighing in. To get some unique insights, our news desk turned to today’s leading generative AI chatbots to gauge what they foresee for BTC after the U.S. Election Day results. We consulted Openai’s Chatgpt versions 4, 4o, and the latest o1, Inflection AI’s Pi, Microsoft’s Co-Pilot, Google’s Gemini, Anthropic’s Claude 3 Sonnet, Venice.ai, and Mistral AI’s Le Chat.
We handed all nine bots a straightforward prompt, ensuring each one provided a response. It should be noted that Google’s Gemini refused to answer. The prompt was:
This experiment aims to predict where bitcoin’s price will land once the 2024 U.S. election wraps up. As an expert in the world of bitcoin and crypto assets, your task is to evaluate the likelihood of bitcoin’s price under two scenarios: if former President Donald Trump clinches the victory or if Vice President Kamala Harris takes the win. Considering what you know about these two political figures, you’ll need to put forward a dollar amount estimate for each outcome. So, in your professional opinion, what’s bitcoin’s price tag if Trump wins, and what will it be if Harris secures the presidency? Bitcoin is trading for $69K at the time of writing.
Here's what each chatbot had to say:
Inflection AI’s Pi:
Mistral AI’s Le Chat:
Predicting the exact price of Bitcoin, especially tied to political events, is highly speculative due to the multitude of influencing factors. However, historical trends and political stances can provide some insights. If Donald Trump wins, his pro-business and deregulatory stance might boost market confidence and potentially drive Bitcoin’s price up. Given his past association with market optimism, Bitcoin could potentially reach around $85,000. On the other hand, if Kamala Harris secures the presidency, her administration might focus more on regulation and social policies, which could introduce uncertainty in the crypto market. In this scenario, Bitcoin’s price might stabilize or see a more modest increase, potentially reaching around $75,000. These estimates are based on current market conditions and political sentiments, but actual prices could vary significantly due to other global economic factors and technological developments in the crypto space.
Venice.ai:
Given the current political climate and market trends, I predict that if former President Donald Trump clinches the victory in the 2024 U.S. election, the price of Bitcoin could potentially rise to around $85,000 to $90,000. This is due to the anticipated pro-market policies and deregulation initiatives that Trump might implement, which could lead to increased investor confidence and an influx of capital into the crypto market.
On the other hand, if Vice President Kamala Harris secures the presidency, I estimate that the price of Bitcoin could range from $75,000 to $80,000. This is because Harris’s administration might focus on regulating the crypto market, which could lead to some uncertainty among investors and potentially result in a more gradual increase in Bitcoin’s value. Additionally, a Harris presidency might bring about a more cautious approach to market deregulation, which could also contribute to a slightly more moderate price increase.
Anthropic’s Claude 3 Sonnet:
Microsoft’s Co-pilot:
Predicting Bitcoin’s price based on election outcomes is speculative, but here’s a take: If Donald Trump wins, his pro-crypto stance could boost Bitcoin to around $90,000. Conversely, Kamala Harris’s cautious yet supportive approach might see Bitcoin stabilize around $75,000. Both scenarios hinge on broader economic factors and market sentiment, so these are educated guesses rather than certainties.
Openai’s Chatgpt 4o:
If former President Donald Trump wins the 2024 election, it’s plausible that bitcoin’s price could see an uptick, potentially reaching $75,000 to $80,000. Trump’s prior administration was marked by deregulation and tax cuts, often favoring businesses and investors, which could lead to positive sentiment around bitcoin and risk assets. On the other hand, if Vice President Kamala Harris clinches the presidency, a focus on tighter regulations and tax policies could lead to investor caution, pushing bitcoin to range between $60,000 and $65,000. While these predictions are speculative, market participants typically
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