thecryptobasic.com
Prominent chatbots Google Bard (now Gemini) and ChatGPT have predicted what Shiba Inu (SHIB) price could surge to if Bitcoin (BTC) claims the $500,000 price forecasted by Bloomberg.
Multiple market analysts and industry commentators see this year as the start of the next Bitcoin bull market. Developments surrounding the newly-approved spot Bitcoin ETFs and the upcoming Bitcoin halving have prompted these sentiments.
Amid the growing bullishness, several ambitious projections have surfaced. Following Bitcoin’s rally above $42,000 last December, a Bloomberg article projected that the surge was the beginning of a supercycle that could culminate in a BTC price of $500,000.
Notably, as observed across the market on multiple occasions, other crypto assets tend to skyrocket when BTC records a price surge. This market-wide rally gets more intense when Bitcoin claims a new all-time high.
Market analysts have predicted that altcoins such as Shiba Inu could witness astronomical rallies amid the upcoming Bitcoin uptrend.
With the extent of such rallies uncertain, we asked Google Bard and ChatGPT what they believe SHIB’s price could skyrocket to if BTC clinched the $500,000 target.
ChatGPT and Google Bard Predict Shiba Inu Price
We threw the question to a jailbroken version of ChatGPT and got an interesting response. The AI chatbot failed to provide any real-world analysis or consider any realistic points. Instead, it generated an “imaginative” price for Shiba Inu should BTC hit $500,000.
According to ChatGPT, SHIB could potentially witness a massive price surge, leading to the $0.001 price target. However, the chatbot emphasized that it did not particularly base this on any real-world analysis, stressing its ambitious nature.
On the other hand, Google Bard presented a more detailed and realistic response. According to the chatbot, the extent of Shiba Inu’s rally if Bitcoin hits $500,000 would depend on factors such as SHIB’s correlation with BTC, specific developments around Shiba Inu, market sentiment and SHIB’s circulating supply.
Besides its correlation with Bitcoin, Shiba Inu would need to witness positive developments around its ecosystem. These initiatives could bolster demand for the token and would contribute to a price surge if burns intensify. In addition, a positive market sentiment around SHIB could further drive interest.
Bard noted that if these factors align to Shiba Inu’s favor, the token could potentially surge to a price between $0.0001 and $0.001, aligning with ChatGPT’s forecast. However, the chatbot stressed that the figure was just a guesstimate for the purpose of entertainment.
Shiba Inu currently trades for $0.00000964, down 2.63% over the past 24 hours. The canine-themed token has continued to follow in Bitcoin’s footsteps, which recently faced opposition at the $52,000 high. Bitcoin is also down 0.91% in the last 24 hours.