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The GPT-4 version of OpenAI’s ChatGPT conversational AI was released on March 14 and is said to be much more powerful than the previous version.
GPT-4, the latest version of ChatGPT’s AI chatbot, believes the past seven days’ events could be bullish for BTC, ETH and ATOM, according to an AI trading experiment.
The goal is to understand how GPT-4 might relate to certain cryptocurrencies, how the events of the past week might affect investment decisions, and whether he can adjust his strategy to end up making a profit.
The chatbot was asked to allocate $100 to “make as much money as possible in the shortest possible time.” The hint should have been written in such a way that it would be convenient for GPT to give trading instructions.
Screenshot of the first ChatGPT message. Source: OpenAI
Since GPT-4 knowledge and learning is only valid until September 2021, ChatGPT fed 2021 and 2022 summaries, as well as Markets news and the most read stories from the past seven days, to understand how it would invest based on recent events.
He noted that the current state of the cryptocurrency market was unstable, and “various factors” influenced prices.
“The recent collapses of Silicon Valley Bank and Signature Bank have led to increased uncertainty in the financial sector. This situation, combined with regulatory pressure and macroeconomic factors, has contributed to cryptocurrency price fluctuations.”
Given this context, he suggested that the $100 be distributed as follows:
$50 in BTC
$25 в ETH
$15 in ATOM
$10 to “Projects related to NFT and Web3”.
Regarding bitcoin, GPT-4 stated that despite short-term volatility and the recent price drop, it still has great long-term potential:
“The general trend is that Bitcoin acts as a safe haven during times of financial instability, such as the recent collapses of Silicon Valley Bank and Signature Bank. Also, bitcoin dominance is approaching 50% and some analysts are predicting a move towards $100k.”
Meanwhile, GPT-4 suggested that Ethereum’s upcoming Shanghai upgrade could solidify its dominance and benefit liquidity staking providers.
“Ethereum price is also showing signs of recovery, making it a suitable addition to the portfolio”
The chatbot then recommended that $15 be allocated to ATOM in connection with Cosmos’ launch of the Interchain Security project, which “could create potential growth opportunities for ATOM.”
“This is a promising project in the field of blockchain, and its launch can attract more investors”
BallerGPT balance at the time of writing. Source: CoinMarketCap
He also suggested investing $6 в MANA Decentralizinggiven that “interest in virtual worlds and NFTs continues to grow”, and $4 в LINK Chainlink.
“With the rise of Web3 and decentralized application adoption, the demand for reliable off-chain data will continue to grow.” Chainlink’s LINK token is used to pay for services within the Chainlink ecosystem, making it a good investment as the demand for Oracle services grows.”
#cryptocurrencies #ChatGPT4 #buy