Google Bard and ChartGPT Predict Shiba Inu Price if Bitcoin Hits $500K

AI chatbots Google Bard and ChatGPT have predicted what the price of Shiba Inu (SHIB) will be worth if Bitcoin (BTC) soars to $500,000.

This next Bitcoin halving event will impact the coin’s price and other altcoins, including Shiba Inu. While the market is largely speculative, there is an expectation that the aftermath of the event will positively impact the price of BTC.

One such speculative price target is $500,000. Elja suggests that Bitcoin is currently forming a fractal pattern that has historically propelled its price to new highs during previous bull cycles. In addition, the approval of a BTC Exchange-Traded Fund (ETF) is expected to attract a fresh influx of institutional investments, which could push the price of BTC beyond what many people may currently imagine.

2013: #Bitcoin Will Never Hit $500

2017: BTC Will Never Hit $5000

2021: BTC Will Never Hit $50000

2025: BTC Will Never Hit $500000$BTC is forming the same fractal which has pushed its price to new highs in the past bull cycles.

Also with an ETF approval, a new wave of… pic.twitter.com/mDfnE9k2v2

— Elja (@Eljaboom) February 6, 2024

 

While critics claim Bitcoin price might be heading to $0, the premier cryptocurrency has always defied market norms since its inception. Against bearish projections, it surpassed $500, $5000, and $50,000 in 2013, 2017, and 2021, respectively, and Elja thinks BTC will soar to the $500,000 price mark in 2025.

Drawing on its correlation with all assets, should this massive $500,000 Bitcoin valuation be achieved, ChatGPT and Google Bard are optimistic Shiba Inu will benefit immensely.

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ChatGPT and Google Bard on Shiba Inu Price

For ChatGPT, the OpenAI chatbot noted that Shiba Inu could soar as high as $0.0002 to $0.0005. The AI bot underscored the extreme volatility that is associated with the crypto market, which may significantly shift these price targets either positively or negatively.

Google Bard gave a more conservative estimate for the price of Shiba Inu, noting it could soar as high as 500% to 1,000% from its current price levels. The chatbot believes a $500,000 Bitcoin price could push the memecoin as high as $0.0000495 and $0.0000990 in the long run.

Ambitious Pathway Ahead

At the time of writing, Shiba Inu’s price comes in at $0.00000892, down 0.86% in the past 24 hours. With the current outlook, the market capitalization and trading volume have also plummeted 0.8% and 5.63% to $5,256,757,654 and $67,164,628, respectively.

The path toward clearing multiple zeroes is a bumpy one for Shiba Inu. However, with the consistency in burn rates, whale activity, and Shibarium evolutionary trends, achieving the forecasted projections by ChatGPT and Google Bard is feasible soon.