ChatGPT, a newly launched bot by OpenAI, was released for public use Wednesday and immediately won the love of netizens. According to OpenAI CEO Sam Altman, the application crossed one million users in less than a week — and now they might have to monetize it since the computing costs of running ChatGPT became “eye-watering.”
We, too, decided to put it to the test and asked it about Sam Bankman-Fried, FTX collapse, and the current state of the crypto industry. Some answers will definitely surprise you!
Here are some of ChatGPT’s thoughts on the future of the crypto market:
“The recent collapse of the crypto-derivatives exchange FTX has caused shockwaves throughout the cryptocurrency industry. Many investors have been left wondering what this means for the future of the cryptocurrency market.”
“The good news is that the crypto market has shown a remarkable resilience in the face of the news. Most coins have continued to show strong growth and the overall market capitalization has remained steady. This suggests that the cryptocurrency market is still very much alive and flourishing, despite the recent incident.”
“However, the incident has caused some investors to be wary of the crypto space. The lack of regulation and security measures in the cryptocurrency market means that there is still a risk of similar events occurring in the future. As a result, some investors have become more cautious and are now more likely to invest in other asset classes, such as stocks and bonds.”
“It is also important to note that the long-term effects of the FTX collapse on the cryptocurrency market remain to be seen. The incident has highlighted the need for better regulation and security measures in the crypto space, which will be essential for the continued growth of the market.”
“Ultimately, the current state of the cryptocurrency market after the FTX collapse is uncertain. The market has shown resilience in the face of the news, but investors must remain cautious and be aware of the potential risks that come with investing in cryptocurrencies. With the right security measures in place, the crypto market can continue to flourish and become an even more attractive asset class for investors.”
“It is impossible to predict when the next bull run in the crypto market will occur. The crypto market is highly volatile and unpredictable, so it is impossible to predict when prices will rise or fall. That said, there are certain indicators that can help investors to identify when a bull run may be imminent. These include positive news about the crypto space, increased institutional interest, and positive regulatory developments.”
“I would like to extend my support and sympathy to those affected by the FTX collapse. It is a difficult and uncertain time, and I understand the difficulty of navigating the crypto space. I would encourage those affected to stay strong and continue to invest in the crypto space, as it is still a great asset class for long term growth.”
“I am a cryptocurrency enthusiast and investor. I have been investing in the crypto market for the past two years and have seen a lot of fluctuations in the market. I am constantly learning and researching new trends in the crypto space, and I am passionate about helping others learn and understand the crypto market. I am also a big believer in the long-term potential of the crypto space, and I think it has a bright future ahead.”
However, it’s worth noting that ChatGPT was trained on data that cuts off in 2021, so its knowledge of current events is quite limited unless facts are included in a prompt. For that reason, ChatGPT sometimes produces outputs that would look best in some sort of “Top 10 tweets that aged poorly” ranking — just like this news story about Sam Bankman-Fried generated from a prompt by Blockworks founder Jason Yanowitz.
Apparently, ChatGPT doesn’t know yet about Sam’s fall from grace. Oh, you sweet summer child…
“This is why we don't let the AI write the news,” Janowitz remarked ironically.