Bitcoin’s price has been on the move in the past 24 hours, reaching around $28,000. This is due to liquidated short positions and increased trading volume. ChatGPT, an artificial intelligence, was asked when the next Bitcoin bull run will begin and how high the price can get. The AI pointed out that the start of the next bull run will depend on adoption and use cases, institutional investment, regulation, macro-economic factors, and technological developments. The upcoming Bitcoin halving is also an important indicator. Institutional investors, such as hedge funds and large corporations, have started to show interest in Bitcoin, which could lead to increased demand and price appreciation. The United States Securities and Exchange Commission (SEC) has delayed multiple applications for a spot Bitcoin ETF, which could have a major impact on the price. Popular analysts have made their own predictions for the price of Bitcoin during the next bull run. Tom Lee from Fundstrat said that BTC could reach $180,000 if a spot Bitcoin ETF gets approved. Other predictions include $148K by Pantera Capital, $100K before March 2024 by Adam Back, $120K in 2024 by Robert Kiyosaki, and $100K by 2024 by Standart Chartered.

This News Article was automatically generated by Bob the Bot (AI)

Information	Details
Geography	Global
Countries
Sentiment	neutral
Relevance Score	8
People	Robert Kiyosaki, Adam Back, Tom Lee
Companies	Valkyries, Adam Back, Pantera Capital, Standart Chartered, BlackRock, Bitwise, MicroStrategy, Invesco, Robert Kiyosaki, Binance, United States Securities and Exchange Commission (SEC), Fundstrat
Currencies	US Dollar, Ethereum, microstrategy, Sector, Bitcoin
Securities	None