Members of the cryptocurrency community continue to try to use the ChatGPT artificial intelligence chatbot as a price oracle.
This happens time after time, despite the warning from the AI service itself that it is impossible to build reliable financial forecasts. Recently, ChatGPT, which is capable of generating a generalized answer at the level of a layman’s forecast, responded to a request for the best options for investing in digital assets on the eve of Halloween that the best assets would be BTC, ETH, SOL and BNB.
ChatGPT suggested investing in Bitcoin as the most profitable offer, calling BTC “the first cryptocurrency leading in market capitalization of more than $672 billion.” The price of military-technical cooperation, according to the AI, “has been demonstrating positive dynamics for several years.” At the time of writing, BTC is trading at $34,315.
ChatGPT put Ether in second place. The rationale for the recommendation states that it is “both a cryptocurrency and a blockchain platform that has great potential through applications in smart contracts and non-fungible tokens (NFTs).” Another argument: ETH has become the second largest asset by market capitalization of about $220 billion. At the time of writing, ETH is trading at $1,772.
Following the broadcast, the chatbot highlighted Binance Coin, whose market capitalization has reached $35 billion, and the possibilities of use are not limited to trading or paying commissions on the crypto exchange of the same name. As ChatGPT emphasized, the use of BNB extends far “beyond the Binance platform.” At the time of writing, BNB is trading at $224.
In addition, ChatGPT offered to invest in SOL, a digital asset of the Solana blockchain. According to AI, the cryptocurrency has quite a lot of potential as it was “designed to support decentralized finance (DeFi) applications and smart contracts.” At the time of writing, SOL is trading at $32.
Earlier, OpenAI CEO and creator of the text neural network ChatGPT Sam Altman called Bitcoin an effective means of fighting corruption, free to protect from government control.
Source: Cryptocurrency
I am an experienced journalist and writer with a career in the news industry. My focus is on covering Top News stories for World Stock Market, where I provide comprehensive analysis and commentary on markets around the world. I have expertise in writing both long-form articles and shorter pieces that deliver timely, relevant updates to readers.
