ChatGPT told me how much Bitcoin will be worth after the US elections

ChatGPT prepares for the US elections

As the presidential elections approach, the financial markets and therefore that of cryptocurrencies at the same time could experience a sudden peak of volatility. Indeed, because these are currently the most important presidential elections in the world. As a result, economic repercussions should naturally follow. This is why ChatGPT expects volatility ahead of the event, but also after the elections are held. This is due to the economic uncertainty that an election of this kind can create.

More particularly for Bitcoin, the decentralization of candidates and the comments made during their respective electoral campaigns will be of capital importance. Already, social networks seem to have chosen their side, with X and crypto enthusiasts. Indeed, since the latter believe that Donald Trump could strengthen the positions of crypto assets.

To go further: here is the price that BTC could reach if it became a store of value in the USA.

But also, with the presidential elections, there could be a change in the presidency of the SEC. Indeed, since by habit, new headliners arrive after the election of a new president. Gary Gensler thus arrived in 2021 after the victory of Joe Biden in November 2020. If Donald Trump were to win the elections, we could expect beyond a simple change of name, a change of policy in relation to cryptocurrencies and Bitcoin.

Thus, for ChatGPT, there should be many events that could positively or negatively influence the price of BTC.

Two candidates and two scenarios

ChatGPT also looked at how the US presidential elections could impact the price of Bitcoin. If with the two candidates, the increase is “assured”, the long term is more beneficial under a mandate of Donald Trump. Despite everything, the difference would not be that abysmal. Indeed, because at the end of the mandate, the price would be between $130,000 and $160,000 with Trump as president, compared to $110,000 to $140,000 with Harris as president.

In the short term, the impact is slightly greater with a price gap which could be created as soon as the results of the US elections. By the end of 2024, assets could reach up to $75,000 with Trump as president. In opposition, ChatGPT expects a maximum of $70,000 if the Democratic candidate were to win.

To go further: here are the Bitcoin predictions for the next few years.

Looking at the following years leading up to the end of the term, the gap is expected to grow with Bitcoin being $10,000-$20,000 more expensive if Donald Trump wins.

Discussion with ChatGPT.

According to these predictions, the $100,000 should therefore become relevant more quickly with a Republican candidate than a Democratic one. This seems to be the major impact. For other analysts, it cannot be ruled out that the price of BTC will climb. This, as well with one candidate as with another. Indeed, since the first crypto in the world has a habit of climbing after presidential elections.

Moral of the story: according to ChatGPT, it’s mostly much ado about nothing.

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