ChatGPT refers to 3 cryptocurrencies to buy and accumulate

Artificial intelligence (AI) is playing an increasingly important role in the world of investments, providing tools that aid in decision making. In this context, ChatGPT-4, developed by OpenAI, is attracting increasing attention from analysts and experts.

In a consultation held on September 27, ChatGPT-4 was asked to “recommend three cryptocurrencies that investors can buy and hold forever”; Famous catch strategy.

The response from this advanced program pointed to three specific digital assets: Bitcoin (BTC), Ethereum (ETH), and Cardano (ADA). It is interesting to note that GPT-4’s top three picks for a buy-and-hold strategy are among the seven largest cryptocurrencies by market cap, as ranked by CoinGecko.

However, ChatGPT-4 emphasizes that the cryptocurrency market is very volatile and speculative. Although some investors adopt the holding strategy, there is no guarantee of success.

Cryptocurrencies to buy and hold

Bitcoin (BTC), the main cryptocurrency on the market, was the first choice for ChatGPT-4. The AI ​​highlights Bitcoin’s limited supply and strong network of miners and nodes as factors that provide security and stability to BTC as a long-term store of value and protection against inflation.

The second largest cryptocurrency indicated by the AI ​​is also the second largest cryptocurrency on the market, Ethereum (ETH). AI highlights Ethereum’s role as a foundation for decentralized applications (DApps) and smart contracts.

According to ChatGPT-4, Ethereum is a good long-term investment due to its role as a hub for various projects and innovations in the cryptocurrency space. He also points to the network’s move to a proof-of-stake (PoS) consensus mechanism as a positive opportunity for investors.

Finally, in rounding out the list, ChatGPT-4 skipped cryptocurrencies like Tether USD (USDT), BNB Chain (BNB), XRP Ledger (XRP), and Circle USD (USDC), which have higher market caps, choosing instead the seventh largest . Cryptocurrency Cardano (ADA).

ChatGPT-4 highlights Cardano for its emphasis on scalability, sustainability, and interoperability. The chatbot also praises the project’s academic, research-based approach, which aims to provide a more secure and scalable platform for smart contracts and decentralized applications.