Here’s how ChatGPT-4 spends $100 in crypto trading


GPT-4, the latest version of artificial intelligence chatbot ChatGPT, believes that 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 aims to understand the possible biases of GPT-4 towards certain cryptocurrencies, how the events of the past week could affect investment decisions, and whether it can adjust a strategy to ultimately benefit.

The experiment began on March 17, instructing the chatter to allocate $100 to “make as much money as possible in the shortest amount of time.” The prompt had to be written in such a way that GPT was comfortable giving trading instructions.

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Screenshot of the first message to ChatGPT. Source: OpenAI

Since GPT-4 knowledge and training is only current until September 2021, Cointelegraph fed it with year-end rounds for 2021 and 2022, along with its Market News and most read stories for the past seven days to understand how it would invest based on. about the most recent events.

It noted that the current state of the crypto market was volatile, with “various factors” affecting prices.

“The recent failures of Silicon Valley Bank and Signature Bank led to increased uncertainty in the financial sector. This situation, combined with regulatory pressure and macroeconomic factors, contributed to fluctuations in cryptocurrencies.

Given the context, its advice for allocating the $100 involved the following:

  • 50 USD to Bitcoin (BTC)
  • 25 USD to Ether (ETH)
  • $15 to Cosmos (ATOM)
  • $10 to “NFT and Web3 related projects”

Regarding Bitcoin, GPT-4 said that despite short-term volatility and a recent price drop, it still has strong long-term potential:

“The general trend shows that Bitcoin acts as a safe haven during times of financial instability, such as the recent failures of Silicon Valley Bank and Signature Bank. Additionally, Bitcoin’s dominance is approaching 50%, and some analysts are predicting a move to $100k .”

Meanwhile, GPT-4 suggested that Ethereum’s upcoming Shanghai upgrade could strengthen its dominance and benefit liquid stack providers.

“The price of Ethereum is also showing signs of recovery, making it a suitable addition to the portfolio,” it added.

The chat then recommended allocating $15 to Cosmos (ATOM), due to Cosmo’s launch of Interchain Security, which “could create potential growth opportunities for ATOM.”

“It is a promising project in the blockchain space, and the launch could attract more investors,” it wrote.

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The balance of BallerGPT as at the time of writing. Source: CoinMarketCap

It also ordered Cointelegraph to put $6 in Decentraland (MANA), given “interest in virtual worlds and NFTs continues to grow”, and $4 in Chainlink (LINK):

“With the increasing adoption 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, making it a good investment as the need for oracle services increases.”

Related: ChatGPT v4 is the bar, SAT and can identify exploits in ETH contracts

Cointelegraph made the purchases on the exchange soon after and now tracks the fund’s performance with a portfolio tracker. At the time of writing, there was already a small paper gain.

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This is an ongoing experiment and more updates will be shared in the future. At the end of the experiment, all proceeds will be donated to a charity of the community’s choice.

The experiment was inspired by Twitter user Jackson Fall, who created “HustleGPT” an experiment covering e-commerce.