Bitcoin (BTC) could surpass its all-time high of $69,000 in 2024, driven by factors such as market sentiment and the BTC halving, according to AI-powered language model ChatGPT. A general bullish sentiment could increase interest in Bitcoin, leading to an influx of funds from individuals and corporations.
The BTC halving, scheduled for spring 2024, is another crucial factor. Historically, BTC's price has rallied in the months following previous halvings. Regulatory developments, technological issues, and adoption rates could also contribute to a new peak for the leading digital asset.
Positive regulatory developments, such as a favorable outcome in the lawsuit between Ripple and the SEC, could benefit the entire sector and establish a comprehensive regulatory framework in the US. Additionally, the potential approval of BlackRock's filing to launch a spot BTC ETF in the US could infuse enthusiasm among investors and trigger a bull run.
Notable figures, including Robert Kiyosaki and Adam Back, have predicted that Bitcoin's price will soon exceed $100,000. Kiyosaki based his forecast on the potential demise of the US dollar and the possibility of another financial crisis, while Back bet one million satoshis (0.01 of a Bitcoin) that the asset's valuation will reach or exceed $100,000 before March 31, 2024.

