AI Foresees Bitcoin’s $140K Future!

A trio of AIs predicted that BTC could hit $140K under a Trump presidency.

Author

Danielle du Toit
November 25, 2024

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  • Bitcoin Going to $140K Says Trio of AIs Managing $30M Investment Fund

  • Wrapped Bitcoin Rebounds After Flash Crash on Binance

  • SEC Nets Record $8.2B from Enforcement, Mostly from Terraform Labs

  • New Satoshi Theory Suggests It’s Been the ‘2010 Megawhale’ All Along

While the firm focused on traditional finance so far, it started experimenting with Bitcoin (BTC) specifically in the last five months.

  • Intelligent Alpha is led by founder and CEO Doug Clinton, and it operates with a small team of programmers, contractors, and a trio of AI tools—OpenAI’s ChatGPT, Google’s Gemini, and Anthropic’s Claude.

  • In a bullish scenario involving a Trump presidency and favorable regulations, the AIs predicted that Bitcoin could reach $140,000.

  • The AI has made a number of successful short trades, including shorts against Boeing in anticipation of quality issues with the 737 MAX. These shorts were made just before one 737 MAX’s door blew off in January.

Wrapped Bitcoin (WBTC) experienced a flash crash on Binance that caused it to briefly plunge to $5,200 before rebounding to its normal levels.

  • This crash was isolated to Binance and did not impact WBTC prices on any other exchanges.

  • The flash crash happened just days after Coinbase announced that it will delist wBTC on Dec. 19 of 2024.

  • Bit Global, the custodian for wBTC, accused Coinbase of delisting wBTC to favor its own tokenized Bitcoin product, cbBTC, and to gain a competitive market advantage.

The United States SEC hit a new record for penalties and fines from its enforcement actions in the fiscal year 2024.

  • The SEC reported collecting $8.2 billion in financial remedies for the fiscal year ending Sept. 30 of 2024, making it the highest amount in its history.

  • Over half of the total came from a $4.47 billion settlement with Terraform and its former CEO Do Kwon after a fraud ruling related to its blockchain ecosystem’s 2022 collapse.

  • Without the Terraform settlement, the SEC’s $3.72 billion in remedies would have been its lowest since 2013, when it collected $3.4 billion.

A new theory about Satoshi Nakamoto suggests that the Bitcoin creator never went dormant and has been strategically cashing out from early Bitcoin wallets since 2019.

  • Bitcoin research firm BTCparser identified wallet addresses from 2010, each holding 50 BTC. The wallets remained dormant until November of 2019, and were dubbed the "2010 megawhale."

  • BTCparser theorizes that Satoshi Nakamoto may own these wallets, and has been strategically selling from the 2010 stash while avoiding activity in 2009 wallets to stay anonymous.

  • If Satoshi is behind these 2010 wallets, “it paints a picture of a creator who planned meticulously to ensure their privacy,” BTCparser said.

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