In March 2021, Tim Grogan, an executive at Coinbase, shared a screenshot of his ChatGPT tool which predicted the Bitcoin price in 2035. The predictions from the ChatGPT revealed that there was a 15% chance of Bitcoin BTC/USD experiencing a decline of over 99.99% by 2035, leading to its fade to irrelevancy.
To validate the predictions, Grogan ran the same prompt over 100 times in GPT 3.5 and 4 and the standard deviation was less than 10% in most cases, proving the results to be extremely consistent. He also stated that the ChatGPT could now spot security vulnerabilities in Ethereum smart contracts, and produce outlines useful for exploiting such contracts.
Coinbase, founded in 2012, is a major digital currency exchange which provides both traditional and cryptocurrency trading services to customers. The company is listed on the Nasdaq stock exchange (COIN) and has grown to become a leader in the growing field of cryptocurrency. Coinbase also provides related services such as cryptocurrency custodial services, merchant services and other services which offer a secure platform for investing, buying or selling cryptocurrencies.
Tim Grogan is an executive at Coinbase and also has a background in Machine Learning, Mathematics and Data Science. He is known for developing the ChatGPT tool and believes that Machine Learning and Artificial Intelligence will eventually power machine-to-machine communication and result in the shift of digital currency into the mainstream. With his expertise, Grogan seeks to innovate technology to empower individuals to embrace the new wave of digital currency, investing and trading.
