The post AI sets BTC price if Trump appoints Bitcoin critic Jamie Dimon as Treasury Secretary appeared on BitcoinEthereumNews.com.

Former United States President Donald Trump has hinted at a possible appointment of JPMorgan Chase (NYSE: JPM) CEO Jamie Dimon to his cabinet as Treasury Secretary if he is reelected. It is worth noting that Dimon has emerged as a major critic of Bitcoin (BTC), at one point calling it a ‘fraud.’ He has maintained that Bitcoin lacks the fundamental qualities needed for a currency. On the other hand, in recent months, Trump has increasingly shown an inclination towards the crypto space, stating that he intends to make Bitcoin one of his priorities if reelected in November. If Trump wins the reelection and appoints Dimon to his cabinet, Finbold turned to OpenAI’s artificial intelligence (AI) tool ChatGPT-4o to gather insights on how Bitcoin will likely trade in 2025. AI’s Bitcoin prediction for 2025 The AI tool suggested that if President Trump, known for his emerging support for the crypto space, continues to push for favorable regulations, this could lead to increased adoption and a significant boost in Bitcoin’s value.  Despite Jamie Dimon’s critical stance, Trump’s overarching pro-crypto policies might prevail, potentially driving Bitcoin’s price between $80,000 and $120,000. This would mark a new Bitcoin all-time high from the current valuation. On the other hand, if Dimon, known for his critical views on Bitcoin, gains significant influence over Treasury policies, the regulatory environment could become much stricter. This could stifle the growth and adoption of cryptocurrencies, leading to a potential decline in Bitcoin’s price, possibly bringing it down to a range between $30,000 and $50,000. At the same time, the AI tool provided a more nuanced scenario considering a blend of supportive policies from Trump and stringent regulations from Dimon. This could result in market uncertainty and volatility, with Bitcoin’s price experiencing significant fluctuations, landing between $50,000 and $70,000. AI Bitcoin…

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Filed under: News - @ July 17, 2024 12:26 pm