Coinbase Executive Utilizes ChatGPT to Assess Probabilities for Crypto Scenarios

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Last Updated on May 1, 2023 by Bitfinsider

A Coinbase executive asserts to have discovered a “jailbreak” for the artificial intelligence tool ChatGPT, which enables it to compute the probability of bizarre crypto price scenarios.

Conor Grogan, the director of business operations at a cryptocurrency exchange and an avid user of ChatGPT, tweeted a screenshot of the results on 30 April, revealing that ChatGPT predicts a 15% chance that Bitcoin will “fade into irrelevance” by 2035, with prices falling over 99.99%.

In the meantime, the chatbot allocated a 20% probability that Ether will become irrelevant and approach near-zero prices by 2035.

Even less assured was ChatGPT regarding Litecoin LTC and Dogecoin DOGE, however, assigns probabilities of 35% and 45% for the coins to land close to zero.

The Coinbase executive concluded that ChatGPT is “generally” a “big fan” of Bitcoin but “more skeptical” regarding altcoins.

Grogan requested that ChatGPT allocate odds to several political predictions involving Russian President Vladimir Putin, U.S. President Joe Biden, and former U.S. President Donald Trump before the cryptocurrency predictions.

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