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With the revival of interest in artificial intelligence (AI) set off by OpenAI launching its AI platform ChatGPT, such tools have shown the capability to provide insights into today’s markets, including the price of Bitcoin (BTC) after its halving in 2024. Indeed, Finbold has asked ChatGPT for possible price ranges for Bitcoin following the halving event, during which the reward for mining the proof-of-work (PoW) cryptocurrency using crypto mining machines will reduce to half of what it is now. Post-halving scenarios According to ChatGPT, there are three possible, highly speculative, and very wide scenarios for the price of the decentralized finance (DeFi) asset after the halving in 2024 “because the cryptocurrency market is highly volatile and influenced by numerous unpredictable factors.” Specifically, the AI tool’s optimistic case, “where Bitcoin experiences significant mainstream adoption, favorable regulatory developments, and increased institutional investment, the price ...

This week’s episode of Market Talks discusses how Bitcoin cycles are changing and how it could impact the upcoming halving. In the latest episode of Cointelegraph’s Market Talks , host Ray Salmond speaks with Jamie Coutts, a chartered market technician and crypto market analyst at Bloomberg Intelligence.  When asked whether Bitcoin’s (BTC) pre- and post-halving price action could differ from previous cycles due to a change in global monetary policy, Coutts said:  “I’ve been writing about this for most of the year. We do have some strong fundamentals in the space, but ultimately, what drives risk assets is liquidity. The longer that we have this tightening cycle, and if we start to see an uptick in unemployment and more stress in the banking sector, then there could be a bit more pain for risk assets like Bitcoin.”  Related: The future of BTC mining and the Bitcoin halving Despite the dim macroeconomic outlook, Coutts did suggest:  “We could be near the end. There is still a lot of u...