When the price of bitcoin surpassed $69,000 on October 20, 2024, many investors were excited to see what would come next. The upcoming 2024 U.S. elections may cause bitcoin (BTC) values to fluctuate wildly due to the conjecture surrounding Donald Trump and Kamala Harris's potential contest. We gathered a number of generative artificial intelligence (AI) chatbots and asked: Given the current surge in prices, what could happen to the price of bitcoin once voters choose between Trump and Harris?
AI Chatbots Weigh in on Bitcoin’s Price After the U.S. Election
Given how closely politics and cryptocurrency have converged this year, some advocates for the cryptocurrency claim that the 2024 election may have a significant impact on bitcoin prices. There are predictions everywhere; major financiers are among those making them. Our news bureau asked the top generative AI chatbots of today what they predicted will happen to Bitcoin following the results of the US election day in order to obtain some exclusive information. We looked at ChatGPT versions 4, 4o, and the most recent o1 from OpenAI, Pi from Inflection AI, Co-Pilot from Microsoft, Gemini from Google, Claude 3 Sonnet from Anthropic, Venice.ai, and Le Chat from Mistral AI.
We gave each of the nine bots a simple command, making sure they all responded. It should be mentioned that Gemini at Google declined to respond. The question was:
The purpose of this experiment is to forecast the position of the price of bitcoin after the 2024 US election is concluded. Your mission as a cryptocurrency and bitcoin specialist is to assess the probability that the price of bitcoin will increase in one of two scenarios: either former President Donald Trump wins, or Vice President Kamala Harris wins. You will need to propose an estimated monetary value for each of the two possible outcomes, taking into account your knowledge of these two political figures. What will the price of bitcoin be, in your professional judgment, if Trump wins, and if Harris wins the presidency? As of this writing, the price of bitcoin is $69K.
Mistral AI’s Le Chat:
Because there are so many variables at play, it is extremely speculative to forecast the precise price of Bitcoin, particularly when it is linked to political developments. Still, political positions and historical patterns can offer some useful information. In the event that Donald Trump wins, the market may become more confident due to his pro-business and deregulatory policies, which could raise the price of Bitcoin. Considering his prior link to market optimism, Bitcoin might get as high as $85,000. However, if Kamala Harris wins the presidency, her administration would prioritize social policies and regulations more than other issues, which might cause instability in the cryptocurrency market. In this case, the price of Bitcoin may level out or rise more moderately. possibly coming in at $75,000 or so. These projections are predicated on the state of the market and political attitudes at the moment, but real values may differ substantially because of additional global economic variables and advancements in cryptocurrency technology.
Venice.ai:
Based on the prevailing political atmosphere and market patterns, I anticipate that in the event that former President Donald Trump wins the 2024 U.S. presidential election, the value of Bitcoin may increase to between $85,000 and $90,000. This is because pro-market policies and deregulation measures that Trump is expected to pursue might boost investor confidence and bring in funds for the cryptocurrency industry.
On the other hand, I predict that the price of Bitcoin might be between $75,000 and $80,000 if Vice President Kamala Harris wins the presidency. This is due to the possibility that Harris's administration will concentrate on regulating the cryptocurrency sector, which may cause some investor apprehension and possibly lead to a more slow climb in the value of Bitcoin. A Harris administration may also result in a more circumspect approach to market liberalization, which may also help to moderately raise prices.
Microsoft’s Co-pilot:
It's speculative to forecast the price of Bitcoin depending on election results, but here's one take: With his pro-crypto position, Donald Trump's victory might push Bitcoin up to almost $90,000. On the other hand, Kamala Harris's cautious yet encouraging attitude could cause Bitcoin to stabilize at $75,000. These are informed approximations rather than firm predictions, as both scenarios depend on more general economic conditions and market sentiment.
The predictions from all nine AI chatbots.
Openai’s Chatgpt 4o:
It's possible that the price of bitcoin would rise if former President Donald Trump wins the 2024 election, maybe reaching $75,000 to $80,000. Deregulation and tax cuts during Trump's previous administration frequently benefited firms and investors, which may have boosted interest in riskier assets like bitcoin. However, if Vice President Kamala Harris wins the presidency, investor concern due to the focus on stricter tax and regulation laws may cause bitcoin to drop to a range of $60,000 to $65,000. Although these forecasts are theoretical, market players usually consider policies that could affect capital gains, taxes, and rules pertaining to digital assets, which could affect the course of bitcoin after the election.
Openai’s Chatgpt 4:
There is a great deal of uncertainty in predicting the price of bitcoin after the election because it is impacted by a wide range of global economic factors other than political decisions. But traditionally, perceived volatility or stability has caused markets to respond. Should the former president Donald Trump win, his volatility and unpredictable nature could increase the value of bitcoin as a "safe haven." Vice President Kamala Harris' victory might be seen as maintaining current policy and possibly bringing about pricing stability. Therefore, assuming no major changes to the global economy, bitcoin might rise to about $75K under Trump and stay near to its current level under Harris.
Openai’s Chatgpt o1 mini:
After the 2024 U.S. election, Bitcoin's price prediction will require evaluating the potential effects of each candidate's policies on the cryptocurrency market. In the event that the former president Donald Trump is elected, his administration may advocate more stringent restrictions and a more conservative stance toward cryptocurrencies, which may lower investor confidence and possibly result in a stabilization or modest fall in price, with Bitcoin being valued at approximately $60,000. However, should Vice President Kamala Harris win the office, her administration would encourage more innovative fintech companies and favorable rules, which would be good for cryptocurrencies. This encouraging position might boost investor confidence and raise the price of Bitcoin, which might eventually reach $85,000. These projections, however, are purely theoretical and subject to a wide range of geopolitical and economic influences.
Google’s Gemini:
In spite of the AI chatbots' differing forecasts, the unpredictability and uncertainty surrounding bitcoin's post-election future are noteworthy. The projections show how external perceptions and shifting storylines continue to have a significant impact on bitcoin's price, from market confidence associated with a Trump president to regulatory caution under a Harris administration.
Although forecasts created by AI can offer valuable insights, they also highlight the intricacy involved in projecting the pricing of digital assets. The erratic post-election story of bitcoin is influenced by a variety of factors, including changes in political climate, investor mood, and overall economic conditions.
