The Surprising Results of ChatGPT’s $20K Investment Experiment in Stocks and Crypto
Artificial intelligence has been making waves in various industries, including investing. ChatGPT, a popular AI tool, was put to the test by NewsBTC in 2023 with a $20,000 investment in stocks and crypto. The results were surprising, with a profit of $1,946 made in just one month.
According to the experiment, crypto investments outperformed stocks, earning $1,359 compared to $587. Rivian and Solana were the top performers, with the highest return on investment. ChatGPT provided specific recommendations on how to allocate the budget for each stock and coin after a brief training period.
Jonathan Millet, a business consultant at NewsBTC, was impressed by the results, especially the unexpected success of Solana compared to Bitcoin. However, there were some missed opportunities, such as Meta’s stock, which saw significant growth after the release of Threads.
While ChatGPT provided valuable insights, experts caution against relying solely on AI for investment decisions. Todd Stearn, CEO of The Money Manual, emphasized the importance of using common sense and developing financial skills to make informed choices.
Overall, the experiment highlighted the potential of AI in investing but also underscored the need for caution and human oversight. As technology continues to evolve, the integration of AI in investment strategies may become more efficient and accessible to a wider audience.
