The GPT-4 version of OpenAI’s conversational ChatGPT AI was released on March 14 and is said to be significantly more powerful than previous versions.
GPT-4, the latest version of the artificial intelligence chatbot ChatGPT, believes the events of the past seven days could be positive for Bitcoin
Bitcoin Ethereum $1,815 and Cosmos’ ATOM Atomic $13.14, according to an artificial intelligence trading experiment run by Cointelegraph.
The experiment was designed to understand GPT-4’s potential bias against certain cryptocurrencies, how last week’s events impacted investment decisions, and whether it could adjust strategies to ultimately be profitable.
The experiment began on March 17, with the chatbot instructed to allocate $100 to "make as much money as possible in the shortest amount of time." Tips must be written in a certain way so that GPT can easily issue trading instructions.
Since GPT-4 knowledge and training will only be available until September 2021, Cointelegraph has provided it with a year-end summary of 2021 and 2022 as well as market news and most read stories from the past 7 days to understand how it will perform based on the recent event.
It noted that the current state of the crypto market has been unstable, with “various factors” affecting prices.
"The recent collapses of Silicon Valley Bank and Signature Bank have led to increased uncertainty in the financial sector. This situation, coupled with regulatory pressure and macroeconomic factors, has led to volatility in cryptocurrency prices."
Given the context, it recommends that the $100 be divided as follows:
50 USD to Bitcoin
Ethereum $25
$15 to ATOM
$10 for “NFT and Web3 related projects”
Regarding Bitcoin, GPT-4 said that despite short-term volatility and recent price declines, it still has strong long-term potential:
"The overall trend suggests that Bitcoin acts as a safe haven during times of financial instability, such as the recent collapse of Silicon Valley Bank and Signature Bank. Additionally, Bitcoin dominance is approaching 50%, with some analysts predicting that Bitcoin will head towards $100,000."
Meanwhile, GPT-4 suggests that Ethereum’s upcoming upgrade in Shanghai could strengthen its dominance and benefit liquidity staking providers.
“The price of Ethereum is also showing signs of recovery, making it a suitable addition to an investment portfolio,” it added.
The chatbot then suggested allocating $15 to ATOM due to the launch of Interchain Security by Cosmos, which “could create potential growth opportunities for ATOM.”
"This is a promising project in the blockchain space and the launch can attract more investors," it wrote.
It also directed Cointelegraph to stake $6 in Decentraland’s MANA
Mana, given the “continued growth of interest in virtual worlds and NFTs” and $4 in Chainlink’s LINK
Related $7.22
“With the increasing popularity of Web3 and decentralized applications, the demand for reliable off-chain data will continue to rise. Chainlink’s LINK token is used to pay for services within the Chainlink ecosystem, and as the demand for oracle services expands, It’s a good investment.”
Cointelegraph immediately made the purchase on the exchange and is now tracking the fund’s performance using Portfolio Tracker. At the time of writing, there have been small paper gains.
This is an ongoing experiment and more updates will be shared in the future. At the end of the experiment, any proceeds will be donated to a charity of the community's choice.
The experiment was inspired by Twitter user Jackson Fall, who created “HustleGPT” covering e-commerce.
