Shortly after OpenAI launched its text-based artificial intelligence (AI) tool ChatGPT, the technology saw renewed interest, leading to the rise of other generative AI bots, particularly Google’s Bard, which has already demonstrated its value in the cryptocurrency market analysis, including that of Bitcoin (BTC).
Indeed, as the price of Bitcoin continues to move sideways after losing the $30,000 level, Finbold sought Bard’s input on the future of the flagship decentralized finance (DeFi) asset after its halving in 2024, from a standpoint as of July 25.
Factors playing a role
As it happens, Bard delivered a detailed reply, highlighting that “there are a number of factors that suggest that the price could reach new highs,” including the upcoming halving event itself, increased global adoption of Bitcoin, and favorable regulatory frameworks around the world.
Bitcoin analysis. Source: Google Bard
On the other hand, Bard singled out the factors that could hamper Bitcoin’s gains af
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