{"id":19607,"date":"2023-04-08T10:39:12","date_gmt":"2023-04-08T10:39:12","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/chatgpt-pretty-intelligent-did-not-recommend-bitcoin-peter-schiff-tweets-bitcoin-news\/"},"modified":"2023-04-08T10:39:12","modified_gmt":"2023-04-08T10:39:12","slug":"chatgpt-pretty-intelligent-did-not-recommend-bitcoin-peter-schiff-tweets-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/chatgpt-pretty-intelligent-did-not-recommend-bitcoin-peter-schiff-tweets-bitcoin-news\/","title":{"rendered":"Chatgpt Pretty Intelligent, Did Not Recommend Bitcoin, Peter Schiff Tweets \u2013 Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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Economist Peter Schiff praised the artificial intelligence of the Chatgpt assistant for omitting bitcoin in a suggested \u201crecession-proof\u201d portfolio. The long-time gold proponent commented on a report claiming the chatbot has recommended \u201cmassive allocations\u201d in precious metals. <\/strong><\/p>\n

Schiff Cites Study Alleging Chatgpt Favors Gold and Cash as Investments in Recession<\/h2>\n

Rigorous crypto opponent Peter Schiff took to social media to highlight a recent report revealing that Openai\u2019s Chatgpt<\/a> has not considered bitcoin as an option when prompted to advise about a recession-resistant investment portfolio. Linking to an article about the test in a tweet on Thursday, Schiff noted:<\/p>\n

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#ChatGPT<\/a> AI is pretty intelligent after all. It didn\u2019t recommend any allocation to #Bitcoin<\/a>.https:\/\/t.co\/mnhRN2TmFm<\/a><\/p>\n

\u2014 Peter Schiff (@PeterSchiff) April 6, 2023<\/a><\/p>\n<\/blockquote>\n

The referenced experiment has been conducted by a platform offering information on gold IRA (individual retirement account) investments. According to a blog post, the artificial intelligence (AI) chatbot was asked to produce example allocations \u201cresistant to boom and bust cycles.\u201d<\/p>\n

According to a press release by Gold IRA Guide, Chatgpt suggested diversification across a range of cash-like assets and commodities. The mix included defensive stocks, bonds, cash, and precious metals to create a \u201ctruly recession-resistant portfolio.\u201d<\/p>\n

The announcement details that the allegedly \u201cideal model\u201d included 40% bonds, such as fixed-income government and corporate bonds, and 30% blue chip stocks like healthcare, utilities, and essential consumer goods. For cash and its various equivalents \u2014 U.S. dollars, money market funds, and certificates of deposit \u2014 were reserved as 10% of the portfolio.<\/p>\n

Gold and other precious metals, in the form of physical and \u201cpaper-backed\u201d gold and silver assets, including gold ETFs and mining stocks, got 20%. \u201cThis figure far exceeds the number proposed by prominent \u2018gold bug\u2019 wealth managers such as Ray Dalio and Peter Schiff,\u201d the authors remarked.<\/p>\n

Schiff recently predicted that a bull market for gold will lead to even higher prices than currently observed, as Bitcoin.com News reported<\/a> on Thursday. His statements came after the most popular precious metal broke the $2,000 mark earlier this week.<\/p>\n

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ai<\/a>, Artificial Intelligence<\/a>, Assets<\/a>, assistant<\/a>, Bitcoin<\/a>, bonds<\/a>, chatbot<\/a>, Chatgpt<\/a>, Crypto<\/a>, Cryptocurrencies<\/a>, Cryptocurrency<\/a>, Economist<\/a>, Experiment<\/a>, gold<\/a>, Gold Bug<\/a>, investment portfolio<\/a>, Peter Schiff<\/a>, Portfolio<\/a>, report<\/a>, Schiff<\/a>, stocks<\/a>, study<\/a><\/div>\n<\/div>\n

Do you agree with the allocations in the AI-suggested investment portfolio and with Peter Schiff? Share your thoughts on the subject in the comments section below. <\/strong><\/em><\/p>\n

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\nLubomir Tassev <\/h6>\n

\nLubomir Tassev is a journalist from tech-savvy Eastern Europe who likes Hitchens\u2019s quote: \u201cBeing a writer is what I am, rather than what I do.\u201d Besides crypto, blockchain and fintech, international politics and economics are two other sources of inspiration.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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