"Initial sell-off is possible and that alone wouldn't establish a bear market," ChatGPT said. The November 2024 election, which saw Donald Trump become America’s 47th president, triggered a major cryptocurrency rally. After all, the Republican presented himself as a strong supporter of the industry throughout his campaign, promising to make the USA a global crypto hub, promote innovation, establish a strategic Bitcoin reserve, ban the creation of a CBDC, and implement a more favorable regulatory framework for digital assets. During his nearly two years in office, he fulfilled several promises, but other decisions have increased geopolitical tensions and negatively affected financial and crypto markets. With that in mind, we asked three of the most widely used AI-powered chatbots to assess how Bitcoin might react if the Republicans lose the midterms next month. Here’s what they had to say. Pullback on the Way? According to ChatGPT, if Republicans lose control of Congress (especially both chambers), BTC could face short-term selling pressure. Specifically, OpenAI’s platform expects a 5-10% drop immediately after the potential news, while a 15% fall was described as “a stress scenario...
What Will Happen to BTC if Trump Loses the US Midterms? (3 AIs Analyze)
3 weeks ago
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