In late 2022, the launch of ChatGPT sparked a frenzy of interest in the artificial intelligence (AI) industry and propelled the prices of AI-related stocks and crypto projects to great heights. Enthusiastic users have employed ChatGPT in diverse endeavours, from getting medical diagnoses to searching obscure facts.
However, ChatGPT has been programmed to avoid offering investment advice, a feature that frustrated amateur traders hoping to access quality technical analysis without having to pay hefty fees. Fortunately, Conor Grogan, head of business operations at Coinbase and a passionate ChatGPT user, revealed that he found a ‘jailbreak’ that allowed ChatGPT to make highly reliable predictions of future prices and to quantitatively rate the reliability of a particular questions regarding any topic. Grogan posted the prompt on his Twitter feed with results that showed standard deviation of less than 10 percent.
Grogan asked the AI about Bitcoin and it showed a 85% chance that the digital currency will remain popular beyond 2035, with a 0.01% probability of fading into obscurity. While Dogecoin seemed to be the least secure of all the tokens, with a 45% probability of being irrelevant by 2035, Litecoin (LTC) had a much rosier prognosis and only had a 35% chance of becoming obsolete.
The effectiveness and accuracy of ChatGPT’s predictions has the potential to dramatically refine and alter the way data and research are conducted, to the extent that efforts have been made to develop the AI even further and to identify any bias, thanks to Grogan’s efforts.
WisdomTree’s Jason Guthrie also commented on the progress made in the blockchain and AI industry, noting that blockchain could have a big impact on financial services.
Conor Grogan is a senior business operations executive that has worked in the cryptocurrency industry since its genesis and his present company Coinbase allows users from 33 nations to buy, store, and manage digital currency. He is a tech-savvy individual who believes in making intelligent trade decisions, which his commitment to finding the ChatGPT ‘jailbreak’ proves. His groundbreaking discovery enables forecasters to accurately make predictions about crypto prices, as well as give traders helpful technical advice.
