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AI-Managed Fund Reveals Price Target for Bitcoin

AI-Managed Fund Reveals Price Target for Bitcoin

BitcoinsistemiBitcoinsistemi2024/11/23 11:00
By:Mete Demiralp

An investment fund managed by artificial intelligence has made a new prediction for the future price of Bitcoin.

A cutting-edge $30 million investment fund managed by artificial intelligence (AI) has predicted that Bitcoin (BTC) could reach $140,000 under favorable conditions, including regulatory clarity and a bullish macro environment.

The fund, called Intelligent Alpha, relies on three AI models—OpenAI’s ChatGPT, Google’s Gemini, and Anthropic’s Claude—to make all of its investment decisions. Pioneered by founder and CEO Doug Clinton, this unique approach has garnered attention for its impressive track record.

While the fund focuses on traditional finance, Clinton recently began experimenting with crypto investments, using artificial intelligence to set price targets for Bitcoin.

“In a bullish case, like Trump winning the US election and a more favorable regulatory environment, AI saw Bitcoin maybe going to $140,000,” Clinton said in an interview.

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AI models have also been successful in traditional finance, accurately predicting market movements. One prominent decision was to short Boeing earlier this year over quality concerns about the 737 MAX.

Intelligent Alpha’s process involves feeding AI models a curated dataset, such as past revenue and earnings estimates, alongside a philosophical framework inspired by legendary investors like Warren Buffett and Cathie Wood.

The AI trio then collaborate to create investment portfolios and explain their rationale to ensure alignment with the fund’s goals. Clinton says this step not only minimizes errors but also improves the quality of the portfolios.

The three AIs aren’t always compatible. Their perspectives and outputs change as updates are released, and ChatGPT currently stands out as the most outlier model in the group. Clinton has tested other AIs like Grok and the Llama AI, but maintains that the current trio provides the most efficient setup.

*This is not investment advice.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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