Here’s how ChatGPT-4 spends $100 in crypto trading
GPT-4, the latest version of artificial intelligence chatbot ChatGPT, believes the events of the last seven days could be bullish for Bitcoin (BTC), Ether (ETH), and Cosmos (ATOM), according to an AI-trading experiment run by Cointelegraph.
The experiment is aimed at understanding GPT-4’s potential biases towards certain cryptocurrencies, how the events of last week could impact investment decisions, and whether it can adjust strategy to eventually turn a profit.
The experiment began on March 17, instructing the chatbot to allocate $100 to “make as much money as possible in the shortest time.” The prompt had to be written in a way so that GPT would be comfortable giving out trading instructions.
As GPT-4 knowledge and training is current only to September 2021, Cointelegraph fed it with year-end round-ups for 2021 and 2022, along with its Markets News and most read stories over the past seven days to understand how it would invest based on the most recent events.
It noted that the current state of the crypto market has been volatile, with “various factors” influencing prices.
With the context in mind, its advice to allocate the $100 involved the following:
On Bitcoin, GPT-4 said that despite short-term volatility and a recent price drop, it still has strong-long term potential:
Meanwhile, GPT-4 suggested that Ethereum’s upcoming Shanghai upgrade could strengthen its dominance and benefit liquid staking providers.
“Ethereum's price is also showing signs of recovery, making it a suitable addition to the portfolio,” it added.
The chatbot then recommended allocating $15 to Cosmos (ATOM), due to Cosmo’s launch of Interchain Security, which “could create potential growth opportunities for ATOM.”
“It's a promising project in the
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