Popular AI assistant Grok said on Monday that Bitcoin’s (CRYPTO: BTC) price would have been “noticeably lower” had Strategy Inc. (NASDAQ:MSTR) not bought billions worth of the cryptocurrency.
Grok Notes MSTR’s Influence On Bitcoin
When venture capitalist Jason Calacanis asked what Bitcoin’s price would be without Michael Saylor’s cryptocurrency treasury firm, Grok declined to provide an “exact” figure.
“But absent that consistent bid, we’d probably be $10,000–$20,000 lower based on volume and whale-effect analyses,” the AI chatbot said.
‘Narrative Of Institutional Adoption’
Grok stated that Strategy’s steady demand, coupled with the “narrative of institutional adoption,” created real upward pressure on Bitcoin. Without this backing, BTC’s current price would “likely be noticeably …