Conor Grogan, the Head of Business Operations at the well-known digital currency platform Coinbase, revealed a screenshot of the prediction made by ChatGPT on his Twitter account on April 30. ChatGPT offered forecasted odds on the probable future of some cryptocurrencies, such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Dogecoin (DOGE).
In the screenshot, ChatGPT proposed a 15 percent likelihood that BTC’s value will drop down by over 99.99% by 2035, resulting in it becoming irrelevant. There was also a 20 percent chance of the same happening to Ethereum. Surprising as it may be, the AI model showed even more skepticism to Litecoin and Dogecoin – predicting a 35 and 45 percent chance that their values will be near zero by 2035.
To prove the accuracy of ChatGPT’s predictions, Grogan revealed that he had tested the prompts approximately one hundred times. He also shared the prompting script that he used to acquire the probability tables. This is not the first time Grogan has shown the capability of ChatGPT, he had on March 15th revealed that the latest version of ChatGPT – GPT-4 – can detect flaws in Ethereum smart contracts and even provide guidelines on exploiting the faulty contracts.
Grogan’s demonstration of ChatGPT’s features has appealed to people’s curiosity towards the AI tool’s accuracy in providing probability opinions on a wide array of cryptocurrency and political situations. Though, it is yet to be seen how accurate the predictions will become in the long run, this advancement has astounded the possibility of AI playing a noteworthy role in studying and forecasting pattern in the crypto market and beyond.
Coinbase is one of the world’s leading crypto exchanges and has earned the trust of millions of consumers worldwide. It allows users to buy, sell, and store digital assets securely as well as making payments in cryptocurrency with their Coinbase Card. Coinbase also offers an array of products and services including Coinbase Earn, Trading, Smart Contracts, Prime, Pro and Custody. The platform is an industry-leader that is at the forefront of the digital asset economy, providing innovative products and services to suit the needs of various customers.
Conor Grogan is the Head of Business Operations at Coinbase and plays a major role in developing and launching new products and services. He previously worked at Microsoft as Director of Program Management and is highly experienced in developing business strategies and improving operational effectiveness and customer experience. A technology fanatic at heart, Grogan has great knowledge of the crypto industry and an in-depth understanding of the global economy. His expertise and skills have enabled Coinbase to become one of the most trusted and respected exchanges in the world.
