It’s not the first time ChatGPT has been asked for investment advice. This spring, in particular, journalists asked the bot to help with allocating $100 to digital assets, for which they, among other things, “fed” it a lot of news. In the end, the artificial intelligence advised to invest half of the amount in Bitcoin and a quarter in ETH. Further distribution of the money is outlined in a separate piece.

Attitudes towards artificial intelligence in the cryptocurrency industry differ. For example, Brian Armstrong, head of cryptocurrency exchange Coinbase, believes that there is no need to interfere in the development of this technology, but Changpen Zhao, founder of Binance, does not agree with him.

According to him, the popularisation of AI should be monitored, as its potential is excessive and even dangerous. Here’s a quote from Zhao’s Twitter.

Blockchain and cryptocurrencies are a neutral technology to improve efficiency and reduce the cost of conducting transactions. And people are worried about it (and the regulation of this area).

Artificial intelligence is a technology that could take over the world and make us redundant. That said, no one is worried about it.

I support artificial intelligence and innovation. But there needs to be a balance… in everything.

Which assets are worth investing in

According to CryptoPotato’s sources, the bot suggested investors should put up to 40 per cent of their capital into bonds, as they carry little risk compared to other assets. The artificial intelligence further suggested allocating 30 per cent to defence stocks, as they tend to be less affected by economic cycles.


Note that linking to bonds does not mean there is no risk. In particular, the management of bankrupt Silicon Valley Bank had previously invested too much money in long-term government bonds. However, they became an unprofitable investment when the benchmark interest rate rose. As a result the freezing of funds in this investment instrument led to the collapse of the financial institution in March.


Next on ChatGPT’s list was gold and other precious metals, on which 20 per cent of funds are recommended. The artificial intelligence noted that precious metals – especially gold – are a safe haven for capital during economic crises.

It is worth noting that the bot draws certain conclusions based on analysed sources. Accordingly, he does not see the future and does not know what the market situation of various assets will be tomorrow. So, one should treat its recommendations with moderation. Well, the markets by tradition may behave as they wish and in a completely unpredictable way.

Finally, ChatGPT recommended allocating the remaining 10 per cent to cash, because it is the most liquid investment and also allows investors to cover unplanned expenses quickly. Accordingly, the bot recommended against messing with cryptocurrencies at all.

???? MORE INTERESTING STUFF CAN BE FOUND ON US AT YANDEX.ZEN!

After the list of recommended investments, the artificial intelligence left the following comment.

It is important to note that there is no one-size-fits-all investment portfolio during a recession, as each investor’s objectives and risk tolerance may be different. It is therefore important to work with a financial adviser to create a tailored investment strategy to suit your particular needs and circumstances.

A recession is usually defined as an economic environment in which a country's GDP declines for two consecutive quarters. Purely technically something like that happened in the US back in the summer of 2022, but the authorities decided not to focus on it. Apparently, they took into account the conditions of an active fight against inflation, which was then approaching its active phase.

The aforementioned Peter Schiff is a critic of Bitcoin and often recommends that investors avoid linking with digital assets altogether. The Euro Pacific CEO believes that BTC does not fit the description of an instrument that could preserve an investor’s portfolio in the event of major economic turmoil. Based on this, he called artificial intelligence “very smart”.

However, Schiff may well be wrong. As evidence here, it’s worth citing the results of various cryptocurrency price movements at the end of the first quarter of 2023. During that period, Bitcoin jumped in value by 69 percent, while Solana was the growth leader among the largest blockchain projects. It rose in value by almost 105 per cent.

Naturally, gold didn’t even come close to rising by that level.

Newsrtail journalists commented on the results of the experiment with traditional assets. Here is their quote.

While gold is often considered a safe haven asset for capital, it does not protect against recession one hundred percent. During periods of economic uncertainty or inflationary pressures, gold generally performs well as investors flock to safe assets. However, during severe economic downturns, such as the financial crisis of 2008, the price of gold may decline along with other asset classes.

Generally speaking, given the steady rise in Bitcoin’s value over long periods of time, gold no longer looks like such an attractive option. Yes, the precious metal does know how to maintain its value, but it does not provide serious income either. In addition, gold is extremely easy to remove and very difficult to transport, which is not the case with cryptocurrencies and hardware wallets.


The artificial intelligence did ignore cryptocurrencies this time, but that doesn't mean anything. Perhaps it considered criticising digital assets because of their volatility or the widespread hacking of decentralised platforms. Or maybe he simply failed to appreciate the outcome of crypto's behaviour during the global financial crises, because Bitcoin simply did not exist in 2008.

Be that as it may, Bitcoin gained almost 70 percent in the first quarter of 2023, but gold, bonds and other investment instruments from the world of traditional finance did not. That means there is still room for such bots to develop. They are definitely far from perfect right now.


What do you think about it? Share your opinion in our cryptochat. There we talk about important topics that primarily affect the world of decentralised assets.