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ChatGPT has a big misconception about Bitcoin's ATH price
Although ChatGPT was introduced in its current version less than a year ago, it has already made great strides in the AI community and has become a go-to chatbot for countless questions and concerns. However, it is worth noting that the AI virtual machine is not perfect, makes certain mistakes and cannot be blindly trusted. No, ChatGPT, BTC hasn't reached $100,000 yet The AI chatbot took the world by storm last year as it managed to answer (almost) all questions and concerns asked of it with spectacular precision. Thanks to artificial intelligence, he manages to find real answers...
ChatGPT has a big misconception about Bitcoin's ATH price
Although ChatGPT was introduced in its current version less than a year ago, it has already made great strides in the AI community and has become a go-to chatbot for countless questions and concerns.
However, it is worth noting that the AI virtual machine is not perfect, makes certain mistakes and cannot be blindly trusted.
No, ChatGPT, BTC has not yet reached $100,000
The AI chatbot took the world by storm last year as it managed to answer (almost) all questions and concerns asked of it with spectacular precision. Thanks to artificial intelligence, it manages to provide real-world answers while constantly adapting.
However, there are also increasing reports that ChatGPT got some facts wrong, which is why we decided to test it from a Bitcoin perspective. In general, the chatbot correctly answers questions about the largest cryptocurrency, including what it is, how it works, its decentralized nature, what mining is, etc.
However, it made an interesting mistake. When asked if the primary digital asset had ever reached or exceeded $100,000, ChatGPT responded:
“Yes, Bitcoin has reached and exceeded the $100,000 price mark. Bitcoin experienced a significant price increase, reaching $100,000 per Bitcoin multiple times in 2021 and 2022.”
What's even more confusing about this is the fact that the chatbot admits that its knowledge was cut off in September 2021. So how does he know that BTC has exceeded $100,000 “multiple times” in 2022?
The real ATH of Bitcoin
The $100,000 milestone has a very special sentiment for the cryptocurrency community and BTC Maxis in particular. Recall that Twitter turned to laser-eyed logos a few years ago when the asset was recording new ATHs above $50,000 and $60,000 almost daily.
That was at the end of 2021, when positive news about the asset was arriving everywhere: several new Bitcoin-related ETFs were launched even in the US, several large companies bought parts of the asset, and numerous legacy investors went live to defend and praise it.
All eyes were on CT, representing the community's hopes and dreams that BTC will eventually (and soon) rise to six figures.
What followed was exactly the opposite. The cryptocurrency peaked at $69,000 in November 2021 and fell sharply. The year 2022 was significantly less favorable, as BTC ended up collapsing to below $17,000. Despite the positive start to 2023, with Bitcoin trading up almost 60%, the asset is still far from the $100,000 mark.
You can find more content on our ChatGPT here, here and here, including what the chatbot thinks will happen to BTC after the halving in 2024.
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