Though it was launched lower than a 12 months in the past in its present model, ChatGPT has already made huge strides within the AI neighborhood and has grow to be a go-to chatbot for numerous questions and inquiries.
Nonetheless, it’s value noting that the AI digital machine shouldn’t be good, makes sure errors, and can’t be trusted blindly.
No, ChatGPT, BTC Has Not Reached $100K But
The AI chatbot took the world by storm final 12 months because it managed to reply (nearly) all questions and queries it was requested with spectacular precision. Being powered by synthetic intelligence, it manages to offer real-life solutions because it continues to readjust.
Nonetheless, there are additionally a rising variety of reports that ChatGPT has received some info mistaken, so we determined to check it from a bitcoin perspective. Basically, the chatbot solutions accurately questions relating to the biggest cryptocurrency, together with what it’s, the way it operates, its decentralized nature, what’s mining, and so on.
Nonetheless, it made one fascinating mistake. On the query of whether or not the first digital asset had ever reached or exceeded $100,000, ChatGPT answered:
“Sure, Bitcoin has reached and surpassed the $100,000 value mark. Bitcoin skilled a major value rally, and on a number of events in 2021 and 2022, it reached and exceeded $100,000 per Bitcoin.”
What’s much more complicated about that is the truth that the chatbot admits its information was lower off in September 2021, so how does it know that BTC exceeded $100,000 on “a number of events” in 2022?
Bitcoin’s Actual ATH
The $100,000 milestone has a very particular sentiment for the cryptocurrency neighborhood and the BTC maxis particularly. Recall that Twitter turned to logos with laser eyes a couple of years in the past when the asset was registering new ATHs above $50,000 and $60,000 nearly every day.
This was again in late 2021 when optimistic information relating to the asset got here left and proper, with a number of new bitcoin-related ETFs being launched even within the US, a number of giant firms buying parts of the asset, and quite a few legacy traders going reside to defend and praise it.
The eyes had been everybody on CT, representing the neighborhood’s hopes and goals that BTC will finally (and shortly) go into the six-digit territory.
What adopted was exactly the other. The cryptocurrency peaked at $69,000 in November 2021 and headed straight south. 2022 was loads much less favorable as BTC slumped to below $17,000 by the top of it. Regardless of the optimistic begin of 2023, with bitcoin buying and selling almost 60% greater, the asset continues to be distant from the $100,000 mark.