Could that be a major bullish factor for the long term?
While Trump’s administration accused him of drug trafficking, Venezuela’s vast gasoline reserves led to speculation that the action had other motives. Now POTUS has set his sights on Greenland, the world’s largest island, and claims the US should own it. The area belongs to Denmark, a country that happens to be a NATO ally of the US. The drama is already starting to have negative consequences for some financial and crypto markets, while a possible annexation by America is likely to have an even greater impact.
We asked four of the most popular AI-powered chatbots whether Bitcoin (BTC) is about to explode or collapse if this becomes a reality. Here are the answers.
A huge drop and then?
According to ChatGPT, such a move would be “a historic geopolitical break,” and not just a normal headline. This is expected to cause massive panic among investors, and BTC is likely to witness a 10% to 25% dump immediately after the theoretical announcement. The chatbot assumed that its demise could soon be followed by a revival and even a potential boom, similar to what happened after the start of the war between Russia and Ukraine.
At the same time, ChatGPT warned that BTC’s collapse could be much more substantial if the US were to forcibly annex Greenland, which could lead to open conflict with NATO members. In that case, the cryptocurrency’s price could fall by 40% and even 50% in the first hours after the “global shock” scenario.
Grok, the AI chatbot integrated into Nevertheless, if annexation were to occur, BTC could plummet by as much as 30% in the first few weeks, which would align with a possible stock market crash.
Google’s Gemini also offered an interesting answer. It claimed that BTC could plummet 30% after such a groundbreaking announcement, but open the door for a major rally later.
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“An annexation – especially if forced – would be astronomically expensive and diplomatically isolating. If the US government prints more money to finance expansionism or if the ‘weaponization’ of the dollar leads to a loss of its reserve status, Bitcoin’s value as a ‘stateless’ currency would skyrocket. In the aftermath, the Greenland saga could ultimately push BTC to $1.6 million over several years.”
No big drama?
Perplexity was the only AI-powered chatbot (among those we consulted) to claim that the hypothetical US annexation of Greenland is unlikely to cause significant volatility in BTC. It was believed that the recent threats and talks on this issue have already played their role, and now it is time to recover the assets.
“When threats stop escalating and worst-case scenarios are taken off the table, risk appetite quickly returns, allowing BTC to recover,” the report concluded.
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