Shiba Inu could see its price soar or sink depending on the market impact of the recent Bitcoin ETF approval, according to AI chatbots Google Bard and ChatGPT.
The crypto community is buzzing with excitement following the approval of all 11 spot BTC ETFs by the US Securities and Exchange Commission (SEC). The historic decision is expected to have a significant impact on the price of Bitcoin and other cryptocurrencies, including SHIB.
However, the extent and direction of this impact remains to be seen. We asked AI chatbots Google Bard and ChatGPT for their opinions on this. In response, they shared their predictions and analysis on the possible scenarios for Shiba Inu.
Google Bard Predicts Shiba Inu Price Post BTC ETF Approval
Google Bard offered a range of price targets for Shiba Inu and the factors that could influence them. According to the chatbot, Shiba Inu could surge to $0.000015 – $0.000020 if the Bitcoin ETF approval sparks a strong rally and optimism across the crypto market.
This scenario would be driven by increased Bitcoin prices, increased demand for Shiba Inu, and positive sentiment among investors.
Alternatively, Shiba Inu could remain stable around $0.000010 – $0.000012 if the Bitcoin ETF approval has a moderate impact on the market. The possible trigger for this outcome would be influenced by profit-taking, uncertainty, and limited utility of Shiba Inu.
However, Google Bard also warned of a bearish scenario, where Shiba Inu could dip to $0.000008 – $0.000009 if the Bitcoin ETF approval fails to boost the market or triggers a correction. Notably, the market recently slumped after an upsurge, with SHIB down 3% over the past 24 hours.
Google Bard emphasized that these are only possible scenarios, and the actual price of Shiba Inu will depend on many factors beyond the Bitcoin ETF approval. Google Bard advised investors to do their own research and seek professional financial advice before making any investment decisions.
ChatGPT Predicts Shiba Inu Price Post BTC ETF Approval
ChatGPT had a more optimistic outlook for Shiba Inu. The chatbot predicted that Shiba Inu could reach an astonishing $0.001 price by the end of the year, thanks to advancements in blockchain technology and increasing mainstream acceptance.
ChatGPT cited the growing adoption of decentralized finance (DeFi) and the coin’s strong community support as key drivers behind this forecast. The AI chatbot acknowledged that the crypto market is highly dynamic, and unforeseen events could influence Shiba Inu’s journey.
