In this blog post, we shall delve into significant developments surrounding the ChatGPT AI language model, the Thodex crypto exchange collapse, and an intriguing BTC price model that could potentially shape Bitcoin’s future.
1. ChatGPT: Navigating the Hurdles of Increasing Competition:
The ChatGPT AI language model, developed by OpenAI, has experienced a decline in traffic over the past few months. With emerging competitors such as Google’s Bard and Gemini AI models, along with Tencent’s Hunyuan, gaining traction, ChatGPT’s position in the market is becoming uncertain. However, interestingly, there has been a modest increase in its usage within the academic and research realm. Experts suggest that its ability to assist with homework and academic endeavors might fuel a revival in its popularity. The coming months will be crucial in determining whether ChatGPT can emerge victorious in the battle for AI supremacy.
2. Thodex: A Crypto Exchange Collapse and Its Aftermath:
The collapse of Thodex, a Turkish crypto exchange, in April 2021 has left a lasting impact on the Turkish crypto community. Founded by an individual who recently faced a significant legal verdict, the sudden closure of Thodex locked out more than 400,000 users from accessing approximately $2 billion in cryptocurrencies. This unfortunate event highlights the risks of operating within the crypto industry and emphasizes the need for stringent regulations to safeguard investors’ interests. Thodex cryptocurrency boss jailed for 11,196 years in Turkey for fraud
Thodex cryptocurrency boss jailed for 11,196 years in Turkey for fraud https://t.co/IRd3vDO6jQ
— BBC News (World) (@BBCWorld) September 8, 2023
3. Bitcoin’s Future Amidst Cycles and Price Predictions:
Analyst CryptoCon has introduced the “November 28th Cycles Theory,” which suggests that Bitcoin follows distinct cycles centered around the date of its first halving. According to this theory, a “mid cycle lull” is expected before an anticipated bull run in late 2024, eventually leading Bitcoin to reach its all-time high in 2025. While opinions differ on the specifics leading up to the 2024 block subsidy halving, CryptoCon’s model offers an intriguing perspective for enthusiasts and investors alike.
In this ever-evolving world, staying informed and adaptively navigating the blockchain realm is key to uncovering its true potential.