Prediction of Bitcoin Price for Decision Making Using Artificial Intelligence

Abstract

Millions of individuals use the cryptocurrency industry, which is today a vibrant open-source network and payment network. It would be incredibly intriguing for investors to foresee the cryptocurrency value, but it would also make it impossible to predict because the value of Bitcoin changes every day. The most well-known cryptocurrencies are Bitcoin and Ether, which have drawn significant interest from investors and academics in recent years. To illustrate how well our techniques for price prediction work, compare the accuracy and error rate of different cryptocurrencies. The proposed Lasso regression model compares the precision and error rate of Ethereum and Bitcoin cryptocurrencies to demonstrate their effectiveness.