Note that ChatGPT bot was previously asked to share its own analysis of the cryptocurrency world. Specifically, in March 2023, the artificial intelligence had to choose cryptocurrencies for the optimal investment of $100. At that time, the bot recommended investing half of the funds in Bitcoin and allocating a quarter of the capital to Etherium. The remaining amount was earmarked for less popular projects.

In April, the bot was asked to name the most suitable assets that could protect investors from the effects of the recession. At that time, bonds, gold and cash were on the list. For some reason, ChatGPT didn’t mention cryptocurrencies. Perhaps it was due to the relative newness of this asset category, which makes it difficult to assess the potential of digital assets during economic crises.

Here are five highlights that will characterise the crypto industry in the future.

Cryptocurrencies will become more popular in general

According to artificial intelligence, Bitcoin and altcoins will become an important part of the global financial system in the future. They will also be used by many people on a daily basis to conduct transactions.

Even in recent years, this trend is becoming apparent. For example, major payment giants Visa and Mastercard have already partnered with several cryptostartups to use blockchain to provide services to their customers.

Despite a troubled 2022, Kai Sheffield, head of cryptocurrency at Visa, made another bet on the growth of the crypto market in a recent interview. Mastercard, on the other hand, had the day before unveiled a special programme aimed at helping banks launch cryptocurrency trading platforms.


It is important to note that artificial intelligence does not know the future, so its predictions may well fail. It only analyzes certain data and draws conclusions based on the information it receives. Therefore, ChatGPT's answers should not be taken as the only correct version of the future.


Cryptocurrency regulation awaits reform

Global financial regulators will only increase their presence in the cryptosphere in the coming years. That said, many of them are now already resorting predominantly to tough action on cryptocurrencies.

???? YOU CAN FIND MORE INTERESTING INFORMATION ON US AT YANDEX.ZEN!

The United States is leading the way: the cryptocurrency-stacking service of the Kraken exchange was previously shut down for US customers. All because of the actions of the Securities and Exchange Commission (SEC), which promotes the narrative that cryptocurrencies belong to unregistered securities. Their developers therefore allegedly deserve trouble for the sake of mythical “investor protection”.

The regulatory situation in the EU, on the other hand, is much better. A few weeks ago, the European Parliament adopted a common set of rules to control the crypto market in all European countries (MiCA). So there is a chance that the bot is not wrong in this component of the forecast.

Large investors will buy cryptocurrencies

In 2022, big institutions’ interest in the crypto market declined significantly, helped by a difficult period of bankruptcy for many companies in the sector. However, in the immediate aftermath of the COVID-19 pandemic, many institutions expressed serious interest in digital assets.

Even the largest company in terms of assets under management, BlackRock has reported investments in various areas of the crypto industry. ChatGPT predicts that interest in crypto will only increase in the coming years, well digital assets will become a more desirable investment from business sharks, reports CryptoPotato.

Blockchain will be used in new areas

ChatGPT believes that blockchain will not only be used as a basis for cryptocurrencies. The technology has enormous potential and could therefore be used in areas other than finance.

The closest examples are unique tokens or NFTs, which could find new uses in supply chains, art, real estate and so on. And this sounds like a logical prediction, as NFTs have previously gone under the hammer of major auction houses. So it is not a new phenomenon, which means it will only become more popular in the future.

This is supported by the current popularity of the NFT sphere on the Bitcoin network, which simply did not exist a year ago. Now, the popularity of the Ordinals protocol has allowed the BTC blockchain to reach the second position in the ranking of the most popular networks in terms of trading volumes with unique tokens. It is just short of first place.

Cryptocurrencies are going green

The topic of the active waste of electricity by the Proof-of-Work algorithm, on which Bitcoin mining is based, remains one of the arguments of critics of the cryptocurrency. To make a profit, miners constantly need to increase the power of their equipment. It consumes more electricity, much of it generated by environmentally harmful power plants.

In the past, this has been the reason for Tesla’s refusal to accept BTC as a means of payment. In addition, the most popular altcoin, Etherium, switched from PoW to Proof-of-Stake last year, making ETH more attractive in the eyes of investors.

ChatGPT believes this factor will play a bigger role in the industry over the next decade as environmental concerns only pile up. Chatbot has therefore predicted that cryptocurrencies that use more green energy will become the preferred choice for investment.


We think ChatGPT's current prediction seems logical, but it is clearly designed for a shorter period of time. Still, even the US Securities and Exchange Commission acknowledged the day before that it will take at least a year to create new regulations for the cryptocurrency industry - and some regions like the EU and some Asian countries already have regulatory frameworks for digital assets. So it will obviously take far less time than a decade. The same goes for the growing popularity of crypto among big investors and new scenarios for blockchain applications, which are already emerging quite frequently.


Want to keep up with the latest industry news? Join our chat room. There we discuss other important developments from the world of blockchain and decentralisation that affect the industry as a whole.