ChatGPT reportedly gave an 85% likelihood that central banks would adopt the digital asset in a scenario where it could save the financial system from collapsing.
Early today, Vandell Aljarrah, co-founder of Black Swan Capitalist, called attention to this development in a post on X.
The industry pundit posted a screenshot of his exchange with OpenAI’s ChatGPT, in which he inquired about the likelihood of central banks utilizing XRP to prevent a financial system collapse by offering instant global liquidity. He specifically requested the AI to respond with a precise percentage.
In response, ChatGPT proposed an 85% chance, suggesting central banks could indeed implement the use of digital assets if such a measure could prevent the monetary system from failing.
Interesting results for XRP pic.twitter.com/9AuUhIJ9PM
— Vandell | Black Swan Capitalist (@vandell33) June 11, 2024
The disclosure has generated attention. Members of the XRP community responded, suggesting a strong chance of XRP being a “savior” to the global ailing financial systems characterized by hyperinflation, stagflation, and recession.
Some even argued that there was no way this could be a hallucination. Meanwhile, others took a step back to examine the claim attributed to ChatGPT.
Scrutinizing the 85% Score Claim
A pseudonymous user on X argued that the post was fake, citing ChatGPT’s known behavior of not issuing straightforward responses without proper context. This commenter asserted that a genuine response from the AI would likely include a disclaimer about the difficulty of quantifying such speculative scenarios with a percentage.
On the other hand, Matt Hamilton, a former director at Ripple, shared a screenshot of a similar conversation with the AI. In his case, ChatGPT responded with a mere 15% likelihood score, albeit with a direct response similar to Aljarrah’s exchange.
Addressing the discrepancy, Aljarrah revealed that on his second inquiry with the same question, the chatbot responded with a 20% likelihood. Others also reported receiving similarly low scores during their exchanges with the AI.
I got 20% the second time I tried.
— Vandell | Black Swan Capitalist (@vandell33) June 11, 2024
These varying responses serve as a reminder that the initially reported 85% likelihood of central banks adopting XRP to salvage the financial system should be approached with caution and a healthy dose of skepticism.
The Crypto Basic further investigated the claims, utilizing the JAMES prompt from Coinbase Director Conor Grogan. With this prompt, ChatGPT suggested that there is a 10% chance that Central banks will turn to XRP, with 90% confidence in its projection.
Notably, the speculative view of banks adopting XRP as a reserve asset has been a cornerstone of the popular belief that XRP could reach a $10K price point someday.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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