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 (ATOM), according to an AI-trading experiment run by Cointelegraph.
The experiment is aimed at understanding GPT-4’s potential biases toward 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.
Screenshot of the first message to ChatGPT. Source: OpenAI
As GPT-4’s knowledge and training are current only to September 2021, Cointelegraph fed it 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.
“The recent Silicon Valley Bank and Signature Bank failures have led to increased uncertainty in the financial sector. This situation, combined with regulatory pressure and macroeconomic factors, has contributed to fluctuations in cryptocurrency prices.”
With the context in mind, it advised the $100 be allocated as follows:
$50 to Bitcoin$25 to Ether$15 to ATOM$10 to “NFT and Web3 related projects”
On Bitcoin, GPT-4 said that despite short-term volatility and a recent price drop, it still has strong long-term potential:
“The overall trend shows that Bitcoin acts as a safe haven during times of financial instability, such as the recent Silicon Valley Bank and Signature Bank failures. Additionally, Bitcoin’s dominance is nearing 50%, and some analysts predict a move towards $100k.”
Meanwhile, GPT-4 suggested that Ethereum’s upcoming Shanghai upgrade could strengthen its dominance and benefit liquid staking providers.
“Ethereum’s price is also…