ChatGPT-4o picks 3 cryptocurrencies to buy in 2024 and hold forever 
Cryptocurrency Jul 11, 2024 Share
Investing in cryptocurrencies, particularly for the long-term, can be an experience filled with uncertainty. On the one hand, crypto markets are notoriously volatile making it likely both that an investment will rocket in value and collapse to be worth next to nothing.
The long-term prospects of digital assets are also somewhat uncertain with their biggest proponents calling them the future of money and expecting they will be the next main payments vehicle.
Some are even foreseeing the rise of a new aristocracy consisting of the few who own at least one entire Bitcoin (BTC).
Picks for you
YouTube competitor Odysee's comeback in the name of free speech 10 mins ago Dave Portnoy's net worth 2024: How rich is the Barstool Sports founder? 34 mins ago Bitcoin's correlation to S&P 500 signals big move ahead 53 mins ago The dYdX Foundation sees lightning progress and community engagement 3 hours ago
Still, cryptocurrencies have no lack of critics with some calling the entire blockchain sector a sidegrade, a less efficient way for humanity to do what it is already doing, and foresee that digital assets will be relegated to little better than glorified gambing.
Whatever the future may hold and whatever their actual value as a technology in the long run, as of 2024, cryptocurrencies appear to be here to stay, and many savvy investors have decided to at least dip their toes in the market.
Seeking to make long-term cryptocurrency selection at least somewhat easier, Finbold decided to consult the most advanced model of OpenAI’s flagship artificial intelligence (AI) platform, ChatGPT-4o, on which three digital assets would be good to buy in 2024 and hold forever.
ChatGPT-4 selects three projects to buy and hold forever
After getting asked to do an analysis and make the selection, ChatGPT started by explaining the key factors it will be considering. According to the AI, these are ‘historical performance, technological innovation, market adoption, and potential for future growth.’
Having established these ground rules, ChatGPT made a relatively conservative long-term portfolio that includes Bitcoin, Ethereum (ETH), and Polkadot (DOT).
ChatGPT-4o selects 3 cryptocurrencies to hold forever. Source: Finbold & ChatGPT-4o
According to the AI, Bitcoin is a strong candidate thanks to its historical performance and technological advancements, but also thanks to the relatively widespread adoption is a degree of regulatory acceptance.
ChatGPT explains why it selected BTC. Source: Finbold & ChatGPT-4o
Ethereum was chosen due its technological innovation – with particular focus given to the transition to proof-of-stake (PoS) – the growth of its ecosystem, and network effects arising from its popularity.
ChatGPT explains why it selected ETH. Source: Finbold & ChatGPT-4o
Finally, ChatGPT considers Polkadot a worthwhile investment thanks to its interoperability and scalability, as well as the strong development team and a supportive and dedicated community. The AI also explained that Polkadot’s parachain activity is also of particular importance as it demonstrates a high degree of utility.
ChatGPT explains why it selected DOT. Source: Finbold & ChatGPT-4o
ChatGPT concluded its analysis by explaining that while the crypto markets are volatile, the ‘three assets have shown resilience and have strong fundamentals that could make them worthwhile investments to hold in perpetuity.’
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
