Regulation
We asked ChatGPT-4o what the price of Bitcoin will be if Kamala Harris becomes president; here’s what he said
Following the news that current US President Joe Biden will withdraw from the presidential race and hand over his Vice President Kamala Harris as his replacement, investors are wondering how the political landscape in the event of his potential victory could affect the price of Bitcoin (BTC).
Finbold has in fact commissioned ChatGPT-4o, one of the most recent models of Open AI invention ChatGPTto provide insight into the possible price range of flagship decentralized finance (DeFi) resource should Harris actually win the race and become the next president of the United States.
Harris’s views on Bitcoin
In particular, the popular artificial intelligence (Artificial intelligence) the platform has analyzed multiple factors that could influence the price of Bitcoin if Harris wins, including his views on the girl cryptocurrency and the Encrypt market in general, its relevant actions in the past, as well as the historical price performance of the asset.
In particular, he argued that while Harris has not explicitly stated a strong position on Bitcoin or cryptocurrencies, her position could align with broader views of the Democratic Party, advocating for tougher measures. regulation but also the “recognition of the potential Blockchain technology to innovate and improve various sectors.”
Additionally, ChatGPT-4o noted a slight dip in Bitcoin price after Biden’s endorsement, “reflecting the immediate uncertainty in the market,” and that neither she nor her husband held any digital assets, suggesting a “cautious stance on cryptocurrencies, which could lead to neutral or potentially slightly negative market sentiment.”
“If Harris decides to follow Biden’s relatively cautious approach to cryptocurrency regulation, the market could see restrictive measures that could marginally reduce BTC prices.”
On the other hand, the AI platform noted that Republican presidential candidate Donald Trump “has recently… pro-Bitcoin position generated positive sentiment in the market, creating a contrasting approach between the two potential candidates.”
Bitcoin Price If Harris Wins
In this context, ChatGPT-4o provided several potential price ranges for the largest asset in the cryptocurrency sector by market capitalization, including $60,000 – $75,000 in the short term (1-6 months), $65,000 – $85,000 in the medium term (6-12 months), and $70,000 – $120,000 long term (1-4 years).
Explaining, the chatbot said its short-term goals consider “initial market reactions and regulatory clarity,” its medium-term forecast focuses on “its administration’s policies and broader market trends,” with its long-term forecast looking at “a balanced regulatory approach that fosters innovation while ensuring consumer protection.”
Bitcoin Price Analysis
Meanwhile, at press time, Bitcoin was priced at $67,290, up 0.38% over the past 24 hours, a 7.23% gain from the previous week and a slightly more modest gain than the 4.66% it has accumulated over the past month, according to data from July 22.
Bitcoin 7-day price chart. Source: Finbold
Elsewhere, the vice president in office investmentsmade alone or together with her husband, Douglas Emhoff, suggest a focus on exchange-traded funds (ETF), action market, real estate, bank deposits and pension plans, which play a key role in Kamala Harris Net Worth.
Disclaimer: The content of this site should not be considered investment advice. Investing is speculative. When you invest, your capital is at risk.