ChatGPT AI predicts BTC price in case of war

Last Saturday April 13th, Iran launched a retaliatory attack on Israel. This sensational event had a strong impact on the value of many consumer goods. It has actually increased the level of risk on some of the key trade routes such as the Strait of Hormuz. The event in all its power has rekindled fears that the conflict could transcend local borders and expand to involve other nations.

One of the assets that reacted fastest and most violently at the start of the air assault was the leading cryptocurrency Bitcoin (BTC). It was one unusual reaction given that until now BTC has had the reputation of being a safe haven asset in case of hard times, a sort of digital gold.

The conflict between Iran and Israel was a shock to Bitcoin

Despite the initial shock which saw the price lose around 6,000 dollars in a few minutes, a rapid recovery was subsequently recorded. Much of the lost value has been recovered and today the token is trading at around $66,000.

Given recent events and the unexpected reactions of crypto assets, one wonders what effect the realization of one of the biggest fears on the international stage would have. If the hypothesis of a war between the Islamic Republic and Israel were to appear on the horizon, which would in all likelihood also involve the United States, the prospects on a macroeconomic level would be devastating.

What could happen to Bitcoin in a worst-case scenario? And in the least drastic? We asked ChatGPT how Bitcoin might react to such a crisis.

ChatGPT predicts the price of BTC in case of war between Israel and Iran

Imagining the worst possible scenario, in which Saturday’s attack was a harbinger of impending war, OpenAI’s flagship artificial intelligence (AI) platform ChatGPT made some assumptions. According to AI the value of Bitcoin could collapse initially and drop to around $60,000.

In the worst-case scenario, such a decline would only be an immediate reaction, according to the artificial intelligence. In fact, since stocks and other assets could be hit even harder in a similar scenario, Bitcoin could once again gain ground and reaffirm its role as “digital gold”.

Subsequently, according to ChatGPT, after an initial drop, BTC could record a rally, satisfying investors’ needs for security. At that point Bitcoin could soon rise to around $75,000, setting a new all-time high (ATH).

The sequence of events that would see the final escalation come only after a series of other smaller escalations is more or less the same in the assessment of ChatGPT.

In this case, according to the AI, there could be a greater initial decline, up to $55,000, but also a subsequent greater rise up to $80,000.

Bitcoin price chart

Bitcoin has grown significantly in recent months, often independently of the performance of the rest of the macroeconomic landscape.

Its 52-week performance, which saw an increase of 118.46%, demonstrates the sustained trend of the price increase that began last October. Since the beginning of the year, BTC is up 55.65% with a trend that shows the strength of the crypto in 2024.

More recent performance, however, has been characterized by sideways trading and volatility as Bitcoin has failed to stay near or above the latest ATH at $73,000.

BTC suffered the negative effects of last week’s bad news on the consumer price index, which was then compounded by the effect of Saturday’s attack. Now the price is in the red by 4.69% on the 30-day chart. Over the past five days, BTC has lost 6.21% and today stands at $66,775 after a 4.25% increase in 24 hours.

Small-cap alternatives to maximize the yield of BTC pumps

The highly anticipated Bitcoin halving it will certainly also turbocharge the new crypto: 99Bitcoins ($99BTC)based on the popular educational platform, which debuts on pre-sale today.

The portal 99Bitcoins has always offered world-class learning courses to understand Bitcoin and cryptocurrencies, earning a solid reputation in the crypto space.

The platform boasts a consolidated tradition and brings with it a long-standing community made up of 700,000 subscribers on YouTube and 2 million registered users to his cryptocurrency courses.

The origins of 99Bitcoins in fact, they date back to 2013, four years after the launch of Bitcoin and two before the arrival of Ethereum.

Initially known as BitcoinWithPayPal.comthe platform provided information on how to purchase Bitcoin via PayPal, but then had to reinvent itself following disputes with PayPal itself.