The price of Bittensor is currently trading at around $520.92. It has been bouncing a lot this month. It varied between dropping as low as $487 and rising to over $680 on different days.
The price of Bitcoin has been bouncing laterally over this period rather than following a distinct trend as cryptocurrency traders respond to market movements.
Moreover, Bitcoin’s price movement affects other altcoins, including Bittensor. Many analysts in the crypto market expect Bitcoin’s price to continue rising and potentially reach $100,000 by 2025. Consequently, this could also impact altcoins like TAO.
To gain further insight into the extent to which it could affect the price of Bittensor, we asked Google Gemini to predict how much 100 TAO tokens will be worth by 2025 if Bitcoin reaches $100,000. We have previously conducted similar analyses for Cardano and Solana.
100 TAO tokens at the time of writing are worth around $52,092. Here’s what the AI had to say:
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Pessimistic Scenario:
In a pessimistic outlook, TAO’s price could stay stuck where it is now at $520.92 or even drop lower. This might happen if there are problems with new laws, technical glitches, or if the whole crypto market takes a hit.
Realistic Scenario:
A more likely outcome is that TAO’s price could double to around $1,041.84 when Bitcoin reaches $100,000. This could happen as more people start using TAO if lawmakers become friendlier to crypto and as the technology keeps developing.
Optimistic Scenario:
With continued technological growth, TAO’s price could shoot up to $2,083.68 or even higher when Bitcoin hits $100,000. This would happen if people start using TAO, if the government supports crypto, and if investors feel good about the market.
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