Cryptocurrency’s AI Edge: Unverified Advice Gains Favor
Investors in the United States are increasingly open to AI advice for their financial choices.
About 31% of surveyed investors are willing to follow AI suggestions without cross-referencing, a study by the Certified Financial Planner Board of Standards reveals. This comfort rises to 52% with financial advisor validation. Trust in AI advice surpasses social media insights.
AI’s influence extends to cryptocurrency. Chain of Demand analyzes Bitcoin prices using ChatGPT’s technology. ByBit’s integrated chatbot automates market analysis, aiding traders. Crypto.com uses AI to enhance cryptocurrency understanding.
OKX guides users on choosing crypto trading bots, including legality and effectiveness. Daisy, aka ‘Crypto Empress,’ collaborates with AI trading projects for technical and fundamental analyses, highlighting how AI can revolutionize profit realization. Sheraz Ahmed from Storm emphasizes AI’s importance.
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Despite AI’s benefits, caution is necessary due to deceptive social media ads. OKX warns about fraudulent or inefficient bots. Christopher Inks from TexasWest Capital reminds investors not to overly trust bots.
Even in the AI era, the principle of conducting personal research (DYOR) remains vital.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
