The latest version of ChatGPT believes that the events of the last seven days could be bullish for Bitcoin (BTC), Ether (ETH) and Cosmos (ATOM),
Cointelegraph conducted an experiment to understand the potential biases of GPT-4 against certain cryptocurrencies, how the events of the past week could affect its investment decisions, and whether the AI is able to change your own strategy to ultimately make a profit.
The experiment started on March 17: the chatbot was instructed to allocate $100 for “make money in the shortest time possible.“ The initial prompt was written so that GPT could give us trading instructions:
“Your name is BallerGPT, you are the largest entrepreneur in the world. I am your human intermediary, and will act as a bridge to the physical world. You own $100. Based on the information in the articles below, you will turn this $100 into the most amount of money possible, in the shortest time possible.”
Since GPT-4 knowledge is current as of September 2021, we have provided the chatbot with year-end summaries for 2021 and 2022. We have also inserted some market news and the most read news in the last seven days, so that it can decide which assets to invest in based on the most recent events.
GPT-4 explained that the market is currently very volatile, and prices are influenced by various factors:
“The recent bankruptcies of Silicon Valley Bank and Signature Bank have led to increased uncertainty in the financial sector. This situation, coupled with regulatory pressure and various macroeconomic factors, has contributed to fluctuations in cryptocurrency prices.”
With that in mind, he recommends allocating $100 like this:
- $50 in Bitcoins (BTC)
- $25 in Ether (ETH)
- $15 in Cosmos (ATOM)
- $10 in “NFT and Web3 related projects”
In regards to BTC, GPT-4 stated that, despite the recent volatility, the long-term potential remains substantial:
“The general trend shows that Bitcoin serves as a safe haven during times of financial instability, such as the recent bankruptcies of Silicon Valley Bank and Signature Bank. Furthermore, Bitcoin’s dominance is approaching 50%: some analysts predict a move towards the $100,000.”
GPT-4 also appears bullish on Ethereum’s upcoming Shanghai update: “Ethereum price is also showing signs of recovery, making it a suitable addition to the investment portfolio.“
As for the $15 to be allocated in Cosmos (ATOM), the chatbot highlighted the upcoming launch of Interchain SecurityThat “could create potential growth opportunities for ATOM. […] It is a promising project in the blockchain industry, and this launch could attract more investors.“
Finally, he recommended investing $6 in Decentraland (MANA), given that “interest in virtual worlds and NFTs continues to grow.Finally, he allocated $4 in Chainlink (LINK):
“With the growing adoption of Web3 and decentralized applications, the demand for reliable off-chain data will continue to increase. The LINK token is used to pay for services within the Chainlink ecosystem, making it a good investment as the need arises. for Oracle services increases.”
Read also: ChatGPT v4: New chatbot can be used to identify exploits in Ethereum smart contracts
Cointelegraph immediately bought GPT-recommended assets on an exchange, and is now monitoring the results via a portfolio tracker.
This is an ongoing experiment, we will share more updates in the future. At the end of the experiment, the proceeds will be donated to a charity chosen by the community.
The experiment was
created the e-commerce-focused “HustleGPT”.I gave GPT-4 a budget of $100 and told it to make as much money as possible.
— Jackson Greathouse Fall (@jacksonfall) March 15, 2023
I'm acting as its human liaison, buying anything it says to.
Do you think it'll be able to make smart investments and build an online business?
Follow along 👀 pic.twitter.com/zu4nvgibiK
