When asked if Bitcoin could reach $100,000 in 2024, AI chatbot ChatGPT said it was "theoretically possible" given favorable conditions, though "highly speculative."

ChatGPT outlined several general factors that could drive growth, like positive regulations, increased adoption, and inflation hedging. It also said a spot Bitcoin ETF approval could encourage more institutional investment.

The chatbot then explained three key ways artificial intelligence could specifically contribute:

Sophisticated AI algorithms can process volumes of market data to identify subtle trends and patterns missed by human analysts.

AI bots can rapidly execute optimal trades based on shifting market dynamics beyond human capacity. However, they also bring risks like hacking.

Advances in blockchain technology and infrastructure could be accelerated by AI innovation.

So while reaching $100K next year faces challenges, ChatGPT believes tailored applications of artificial intelligence — from analytics to automation — may help push Bitcoin's price higher. But the path ahead remains speculative.