Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Elon Musk-founded ChatGPT Calls DOGE Valuable, Legitimate Asset

Published 12/05/2022, 03:41 AM
Updated 12/05/2022, 04:00 AM
© Reuters Elon Musk-founded ChatGPT Calls DOGE Valuable, Legitimate Asset

  • ChatGPT composed a poem describing DOGE as a legitimate asset for global payment.
  • Billionaire owner of Twitter funded OpenAI, the non-profit team behind ChatGPT.
  • Crypto traders bought and sold over $670 million worth of DOGE in the last 24 hours.

Over the weekend, ChatGPT, the latest chatbot from the Elon Musk-founded OpenAI Foundation, took the crypto community by storm with its writing ability. Twitter verified user Slashdot took a shot by asking it to compose a poem about the meme token Dogecoin (DOGE).

The meme token received plaudits from the AI-powered solution, describing it as a force to be reckoned with and a legitimate asset for facilitating cross-border transactions. The poem read in part:

Dogecoin is not just a novelty; it’s a legitimate form of currency used by many to transact and facilitate transactions and payments with ease and speed, making it a valuable asset in the world of finance indeed.

While the crypto community praised the legendary writing proficiency of ChatGPT, some of the things it attributed to the meme coin are false. According to a research paper by OriginStamp, Dogecoin, the eighth-largest crypto by market capitalization, has no real-world utility to back its value and the asset solely rests on speculation.

Notably, the fervent support ...

The post Elon Musk-founded ChatGPT Calls DOGE Valuable, Legitimate Asset appeared first on Coin Edition.

See original on CoinEdition

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.