Almost 75% of cryptocurrency owners are ready to trust ChatGPT’s investment advice

According to an Investor Index survey, the majority of British investors trust the financial advice of an artificial intelligence chatbot. As it turned out, 73% of cryptocurrency holders are ready to trust ChatGPT’s advice.

About 42% of young traders have already sought advice from the chatbot, and more than half of traders over 65 believe in the potential of ChatGPT as a financial advisor. At the same time, experts noted that people rely less on the recommendations of professional advisors and prefer to study the situation on their own.

«We are seeing the cumulative impact of bad news — pandemics, war, rising costs of living — on the growth of investors' confidence in their ability to make independent investment decisions, whether they want to minimize risks or focus on ethical aspects,» explained Christian Barnes, Head of Strategy.

While experts and traders are debating whether artificial intelligence financial advice can be trusted, major crypto exchanges are already actively implementing AI-based tools for trading. In April, the largest crypto platform Binance introduced «https://noworries.media/kryptovalyutna-birzha-Binance-zapustyla-vlasnogo-chat-bota/">Binance Sensei — an interactive chatbot based on ChatGPT technology that allows users to access information from Binance Academy. Users can now enter several keywords or questions into the chat window to get an answer based on Binance Academy articles.

Crypto exchange Bybit has taken chatbots to the next level by launching AI tools to automate market data analysis. ToolsGPT provides technical analysis, verified price data, and other important indicators for the crypto market. Moreover, traders can analyze price trends based on previous data and technical indicators.