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Perplexity AI predicts Bitcoin price for year-end based on analysts' insights

Author: Content Editor
The Perplexity Online artificial intelligence (AI) model has utilized real-time web scanning to gather up-to-date analyses for a Bitcoin price prediction. The model collects and consolidates information from multiple sources and has previously provided accurate predictions for recommended stocks, investment assets, and cryptocurrencies. For this specific Bitcoin price prediction, Perplexity AI considered insights from four analysts or investment firms. In a bullish forecast, Perplexity AI sees Bitcoin trading between $80,000 and $100,000 by the end of 2024, with factors such as institutional adoption and a more accommodative monetary policy cited as driving forces. However, more conservative or bearish scenarios also exist, with price ranges predicted to be between $65,000 and $70,000, still above current prices. It is important to note that Bitcoin is a volatile asset, and various short-term bearish predictions have been made recently. Overall, Perplexity AI serves as a valuable tool for accessing real-time insights in the unpredictable market of Bitcoin.

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