Google Bard and ChatGPT Predict Dogecoin Price If Bitcoin Reaches $500,000 as Bloomberg Predicts

Prominent AI-driven chatbots Google Bard and ChatGPT predict Dogecoin price if Bitcoin claims $500,000 price prediction from Bloomberg.

In December 2023, Bitcoin surpassed $42,000, marking the beginning of a sustained uptrend. Next, Bloomberg to make A bold price prediction, suggesting that the pristine industry could rise to $500,000.

Bloomberg Bitcoin price forecast to reach $500,000

It is worth noting that the $500,000 prediction would represent a staggering 1,090% increase from the $42,000 level. at that time. Today, with Bitcoin trading at $96,000, the leading crypto asset only needs to rise 420% to meet Bloomberg’s ambitious target.

Interestingly, Bitcoin’s expected rise may impact the cryptocurrency market, especially among altcoins like Dogecoin. Historically, Dogecoin has shown a strong tendency to follow Bitcoin price movements.

Data from IntoTheBlock reveals a 97% price correlation between Dogecoin and Bitcoin over the past month.he made it Probably a Bitcoin rises to $500,000 It could lead to a significant rise in the price of Dogecoin.

This raised the question: How much could the price of Dogecoin rise if the price of Bitcoin reaches $500,000? To explore this, we asked for the opinions of two leading AI chatbots, Google Gemini and ChatGPT.

ChatGPT predicts the price of Dogecoin if Bitcoin reaches $500,000

OpenAI’s ChatGPT has identified three possible scenarios based on Dogecoin’s correlation with Bitcoin and its greater volatility.

The first scenario is a case where… Dogecoin Matches Bitcoin’s 420% rise. Notably, if Dogecoin price rises directly with Bitcoin’s expected 420% increase, its price could rise from $0.32 to $1.66, a new all-time high.

Furthermore, the AI ​​chatbot looked at a scenario where Dogecoin outperforms Bitcoin due to Dogecoin’s reputation for larger price movements. If the price of Dogecoin increases 1.5 times the percentage increase of Bitcoin, its price could rise to $2.34.

However, in a less optimistic scenario, ChatGPT predicts that Dogecoin will underperform Bitcoin. In such a scenario, I expected Dogecoin to rise by only 0.8 times Bitcoin’s increase, which could take its price to $1.39, which is still a new ATH.

Google Gemini predicts the price of Dogecoin if Bitcoin reaches $500,000

Meanwhile, Google Gemini (formerly Google Bard) is more optimistic. I considered Dogecoin’s historical tendency to show extreme volatility during bull periods. The chatbot explored three volatility scenarios, suggesting that Dogecoin could outperform Bitcoin’s rally.

In a moderate volatility scenario, with Dogecoin’s rise doubling Bitcoin’s percentage gain, Gemini expects Dogecoin Bringing the price to $3.01.

Furthermore, the AI ​​chatbot predicts a high volatility scenario, where Dogecoin could rise by up to three times the percentage of Bitcoin. In this scenario, Google Gemini predicts the value of Dogecoin It can reach $4.36.

Meanwhile, in the most aggressive scenario, Gemini expects Dogecoin to rise five times the percentage of Bitcoin, reaching an ambitious target of $7.05.