Artificial intelligence learns to predict cryptocurrency rates

A reporter from AMBCrypto used ChatGPT, a popular artificial intelligence, to study some cryptocurrency trading decisions. Of course, it was originally intended as entertainment, but the result surprised the researcher.

ChatGPT is one of the latest developments of the OpenAI project. It is a textual AI platform that is trained to generate human-like texts based on data from the Internet. The user literally corresponds with the AI. This tool can significantly improve and facilitate the life of a trader. AI can be trained to generate reports on market trends, prices, and other important data.

ChatGPT itself claims that it can generate suggestions for trading strategies based on historical data, technical analysis, and other factors. AI in general can also be used to automate repetitive trading orders and similar tasks.

During a conversation with the AI, a reporter from AMBCrypto asked it to predict the price of bitcoin for the next six months. The AI gave a price of $ 50,000. Given that ChatGPT was trained on data until June 2021, the results surprised the reporter. After all, this forecast can be considered for the next few months after June 2021. Bitcoin did indeed break the $ 50,000 mark in 2021, setting an all-time high in November.

It seems that the human race has a serious competitor in the race of traders.