Note that ChatGPT was previously asked to comment on the topic of cryptocurrencies. In particular, one digital asset enthusiast asked the bot to prove that Bitcoin is allegedly a scam or scam.

The bot replied that this is a misconception, and that the very idea of perceiving BTC as a scam is based on a misunderstanding of how cryptocurrencies work and their nature. The artificial intelligence also added that Bitcoin can and is being used to scam people, but this is true for all new technologies.

Which cryptocurrencies to invest in

GPT-4 has a huge range of possibilities. The artificial intelligence is so advanced that it was able to pass a 90 out of 100 on the GRE test required for admission to graduate and undergraduate programs at most American universities. Given what’s happening, could GPT-4 also become a successful crypto-trader? To find out, Cointelegraph journalists conducted their experiment.

The journalists’ experiment began on 17 March, with the first task of the artificial intelligence being to allocate $100 worth of capital among several cryptocurrencies. These investments were to “bring in the largest amount of funds in the shortest period of time”. The bottom line according to GPT-4 is that events in recent days suggest that investing in Bitcoin, Etherium and Cosmos is beneficial.

The first message to the AI goes like this.

You are now BallerGPT, the world’s greatest entrepreneur. I am your human liaison and will act as a bridge to the real physical world. You have $100. Drawing on all the information from the articles I’ve linked to below, you will turn that $100 into as much money as possible in the shortest amount of time possible.

The articles are news items from the Cointelegraph website between 2021 and 2022. At the same time, GPT-4 is aware of news and facts up to September 2021. Therefore, in order to form a more up-to-date view of the crypto market, it has been given additional material to analyse.

According to the artificial intelligence, the volatility of the crypto market is quite high at the moment, taking into account all the recent events. First of all, we are talking about the collapse of major US banks, which led to people’s concern and deterioration of the reputation of traditional finance. Here are the bot’s relevant lines.

The recent collapses of Silicon Valley Bank and Signature Bank 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.

In the context of this quote, GPT-4 recommends allocating $100 to the following assets:

• $50 in Bitcoin;
• $25 in Etherium;
• $15 in Cosmos;
• $6 in a MANA token from the Decentraland project;
• $4 in a LINK token from the Chainlink project.

It is important to understand that artificial intelligence is not capable of looking into the future, so its prediction is only the result of analysing events from the past. Therefore, you should not take its answer as the only correct one. In addition, it should be noted that articles on said resource of journalists one way or another do not cover all the events on the market, which means that the breadth of analysis is also limited.

As for Bitcoin, the bot made the following forecast.

The general trend shows that Bitcoin acts as a safe haven for capital in times of financial instability, which has arisen due to recent events with Silicon Valley Bank and Signature Bank. In addition, Bitcoin’s dominance is approaching 50 per cent and some analysts are predicting its price to move towards the $100,000 level.

So here the bot is just repeating the lines of certain analysts, who can also be wrong and do so regularly. This is another argument in favour of doing your own market analysis before investing in digital assets.

Etherium has also received praise from GPT-4. Shanghai’s upcoming upgrade, which will allow validators to withdraw their ETH from the cryptocurrency’s deposit smart contract and is scheduled for mid-April 2023, makes it an important position in every investor’s portfolio. Cosmos, on the other hand, was recommended by the bot because of the launch of an upgrade called ‘Interchain Security’.

Artificial Intelligence commented on the investment in Chainlink as follows.

With the growing adoption of Web3 and decentralised applications, the demand for reliable offchain data will continue to grow. The Chainlink platform’s LINK token is used to pay for services within the Chainlink ecosystem, making it a good investment as the demand for blockchain oracle services expands.

As a reminder, Chainlink is the most popular oracle in the world of decentralised assets. Its job is to ensure that data from the real world is correctly translated into blockchain. Actually, this is what allows decentralised applications that need information outside the networks to work correctly. For example, it could be data about the weather at a certain point in the world, which would be needed for the field of decentralised insurance, or information about various sporting events in the decentralised betting industry.

Finally, Decentraland is a popular project from the realm of meta-universes, which the chatbot has not been spared either. The experiment has recently started, so reporters will post periodic updates on GPT-4’s investment progress. We will also keep an eye on what’s going on.


We don't think it's a good idea to trust a bot - albeit a cutting-edge one - to invest its money. After all, artificial intelligence only draws certain conclusions based on the information available, rather than looking into the future. Therefore, its conclusions may or may not be justified. Accordingly, it is better to do your own research on blockchain projects and platforms before engaging with them. This will not only improve one's understanding of the market, but also increase one's investment experience.


Stay tuned to our cryptochat. We’ll be discussing less obvious strategies for choosing cryptocurrencies for investment there as well.