The 2024 United States Bitcoin (BTC) Conference, which will occur between July 25 and July 27, is drawing attention due to its potential impact on the general crypto sector.
This year’s event is notably interesting after the US approved the first Bitcoin exchange-traded funds (ETF). Another anticipated segment of the event is presidential candidate Donald Trump’s address.
In anticipation of the event, Finbold turned to OpenAI’s most advanced and recent artificial intelligence (AI) tool, ChatGPT-4o, to provide possible scenarios for Bitcoin’s price trajectory post-event.
Bitcoin price prediction post -Bitcoin Conference. Source: ChatGPT-4o
Impact of Trump
Indeed, Trump’s involvement in the conference is generally viewed as a bullish signal for Bitcoin. Notably, Trump has increasingly supported Bitcoin and cryptocurrency, backing pro-crypto policies. His upcoming speech will likely further bolster his self-assigned image as a crypto advocate.
In the meantime, Bitcoin continues to consolidate below the $60,000 mark. At press time, Bitcoin was trading at $58,223, having rallied by almost 2% in the last 24 hours.
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