# Grok AI Predicts Bitcoin to Reach $105,000 by End of 2026 The AI model forecasts Bitcoin's price to hit $105,000 by the end of 2026, driven by supply squeeze and policy catalysts. - **Source:** [News - Cryptonews](https://brifing.si/source/42333b6f-1c05-4a49-9914-7553e71d2223) - **Published:** 2026-08-29 - **Topic:** [Finance](https://brifing.si/c/finance) - **Original article:** - **On Brifing:** https://brifing.si/s/989539cb-2323-4071-8455-f0a73c49544d ## Grok AI's Bitcoin Prediction Elon Musk's Grok AI model predicts Bitcoin will trade between $95,000 and $120,000 by the end of 2026, with a base case closing price of $105,000. This forecast is based on eight consecutive buying sessions that removed $2.8 billion from the market. BlackRock's IBIT ETF accounted for a significant portion of these purchases, creating substantial demand pressure. ## Impact of ETF Purchases ETF buying surpassed $3 billion in August, setting a new record. These massive purchases are withdrawing Bitcoin supply from the market, creating upward price pressure. Following a weak first half, this buying activity has caused a significant demand shock. Growing institutional interest is contributing to Bitcoin's long-term value appreciation. ## Policy Developments Treasury Secretary Scott Bessent's August 20 pledge to at least double long-bond buybacks had an immediate market impact. Following this announcement, Bitcoin price surged 23% in a week, reclaiming the $80,000 level. The upcoming September 15 CLARITY Act vote could legally cement Bitcoin's commodity status if passed, potentially opening banking channels for crypto investments. ## Scenario Analysis The bullish scenario sets Bitcoin's 2026 year-end target at $105,000, while negative developments could push prices back to the $60,000-$65,000 range. Hawkish signals from Jackson Hole combined with a failed CLARITY Act vote might trigger this bearish scenario. The market is currently balancing between these two potential outcomes. ## Technical Indicators Bitcoin currently trades at $80,279, gaining 1.59% daily. Resistance levels are identified at $80,820, $84,000, and $88,000, while support levels stand at $78,573 and $72,000. The RSI indicator at 82.09 shows overbought conditions, but the price making new highs is interpreted as a positive signal by market analysts. ## Supply Squeeze ETF purchases are rapidly depleting Bitcoin supply while policy developments may bring more capital into the market. This supply squeeze is pushing prices upward, prompting investors to develop strategies for utilizing the appreciating asset. Projects like Bitcoin Hyper aim to deploy this capital in DeFi and programmable applications through Layer 2 solutions. ## Bitcoin Hyper Project Bitcoin Hyper leverages Solana Virtual Machine technology to provide a high-speed, low-cost Layer 2 solution for Bitcoin. Its Canonical Bridge facilitates BTC transfers into this ecosystem, while the HYPER token powers gas fees, staking, and governance. The project's presale has already raised over $33 million, offering investors up to 35% APY through staking ahead of its planned 2026 launch. ## Conclusions and Outlook Grok AI's predictions indicate significant Bitcoin appreciation potential by 2026 year-end. ETF purchases, policy developments, and supply constraints emerge as key drivers. However, critical policy events like the CLARITY Act vote could substantially impact price movements. Investors need to closely monitor these market dynamics while considering both bullish and bearish scenarios. ## Sources covering this story - https://cryptonews.com/news/elon-musk-grok-ai-predicts-bitcoin-price-by-the-end-of-2026/ — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._