Grok Elon Musk It is an artificial intelligence model developed by xAI, a subsidiary of X.
Elon Musk’s artificial intelligence distinguishes itself from other models because it is a more “open-minded” model. Interestingly, Grok had previously chosen a cryptocurrency to be used for payments on Musk’s social platform.
Finbold turned to xAI for insights into the price of Bitcoin (BTC) for the end of 2024.
Artificial intelligence is on the rise BitcoinHe predicted it would trade between $85,000 and $100,000.
Grok’s Predictions for Bitcoin in 2024
Grok’s Bullish View on Bitcoin
Considering the recent approval of the Bitcoin spot ETF and the halving of the block subsidy in April 2024, Bitcoin could gain significant bullish momentum. If ETF approval leads to increased institutional adoption and halving the block subsidy reduces the rate of new Bitcoin creation, this could create a supply squeeze, driving the price higher. In addition, increasing mainstream acceptance of cryptocurrencies may also contribute to Bitcoin’s price increase.
NEWS CONTINUES BELOWConsidering these factors, a price prediction for Bitcoin in the range of $85,000 to $100,000 by the end of 2024 can be made.
stated Grok.
Grok’s Bearish Price Prediction for Bitcoin
On the other hand, Bitcoin’s price may be negatively affected by regulatory uncertainty or a global economic slowdown. If governments impose stricter regulations on cryptocurrencies or the global economy enters a recession, this could dampen investor sentiment and lead to a sell-off in Bitcoin and other cryptocurrencies.
Considering these factors, a bearish price prediction for Bitcoin by the end of 2024 would be in the range of $30,000 to $40,000.
Grok said.
In conclusion
In summary, a bull run towards Grok’s high estimate would result in a 135% gain from current prices of $42,420. 
However, AI is prone to errors and investors need to be cautious. For example, BTC has lost close to 10% of its value since the first day Bitcoin spot ETFs began trading. This alone raises questions about the positive effects Grok mentions.
Despite everything, cryptocurrencies remain highly unpredictable.