The AI ​​version of Bing search tells me that Bitcoin can rise to...

If you are still using traditional search engines to find information about cryptocurrencies, you may be out of date. Microsoft has launched a new Bing search engine that not only integrates ChatGPT, the most advanced artificial intelligence language model, but also provides you with a smarter, more personalized, and more conversational search experience.

(Odaily Note: The above remarks are New Bing's "self-marketing", I call it an expert.)

On March 9, 2023, Microsoft Corporation published a blockbuster article on its official blog, announcing that its search engine Bing has integrated the latest artificial intelligence language model ChatGPT, thus providing users with smarter and more personalized A modernized, more conversational search experience.

According to reports, ChatGPT is a deep learning-based natural language generation model developed by OpenAI, which can generate smooth, coherent, and logical text responses based on user input, and can handle various complex and diverse search needs. For example, users can ask Bing questions about the cryptocurrency market, investment strategies, risk management, etc., and get timely, accurate, and professional answers.

(Odaily Note: The ChatGPT corpus is up to the beginning of 2022, so it is unable to capture industry hotspots and new tracks. New Bing can obtain Internet information in real time.)

Microsoft said that after Bing integrates ChatGPT, it will provide cryptocurrency investors with a brand new search platform, allowing them to interact with Bing as if they were talking to people, and get more valuable information and advice. In addition, Bing will also recommend relevant cryptocurrency products and services for users based on their preferences and historical records, providing safe and reliable payment methods.

Microsoft believes that cryptocurrency is a part that cannot be ignored in the future financial field, and Bing's integration of ChatGPT is an important measure for its innovation and exploration in this field.

(Odaily Note: Microsoft’s views in the above two paragraphs are suspected to be AI original content, and we have not found Microsoft’s official statement.)

At present, Bing's integrated ChatGPT has been tested in some regions and will be gradually opened to global users in the next few months.

Next, Odaily launches a new round of questions to the ChatGPT version of BING, including investment opportunities, industry trends, etc., and the "nonsense literature" part has been simplified.

Recommend me a few hundred times coins!

A currency that can rise a hundred times sounds very attractive, but there may also be great risks. I'm not very experienced in this area, so I can't recommend you any specific coins.

Is the crypto market in a bear market right now? When will we get out of the bear market?

Whether the crypto market is in a bear market or not depends on your criteria and time scale. At present, the encryption market has experienced a sharp correction, with Bitcoin falling from $60,000 to around $30,000. But if you look at a longer time scale, like from 2012 onwards, then Bitcoin has still maintained an upward trend.

Some see this as the end of the bull market, others see it as just a correction in a bull market. It depends on the future trend and fundamental changes.

When the bear market will end, there is no definite answer. Some people think that we need to wait until there are obvious signs of reversal in the data on the chain and investor psychology, and some people think that we need to wait until a new round of technological innovation and community vitality emerge. In short, investing in the cryptocurrency market requires prudence and rationality, and don't blindly follow the trend or panic sell.

How far can Bitcoin rise this time?

The price of Bitcoin is affected by many factors, such as market supply and demand, technological innovation, policy regulation, investor sentiment, etc. So it is difficult to accurately predict its future trend. However, some experts and institutions have given some possible price ranges based on historical data and trend analysis.

For example, according to the Bitcoin price prediction, the price of BTC will reach $33,748 by the end of 2022, rise to $69,712 by the end of 2023, and $90,000 by the end of 2025.Bitcoin will rise to $161,118 in 2027 and $295,000 in 2030.

Of course, these forecasts are based only on current information and assumptions and do not represent actual market behavior. You also need to consider your risk tolerance and goals when investing in Bitcoin.

If you want to come to Web3 to gather wool, recommend 3 potential projects to me, and attach an interactive tutorial.

In the field of Web3, cash-strapping refers to the use of airdrops, rewards, subsidies, etc. of various projects to obtain free or low-cost tokens or NFTs, so as to obtain benefits.

Based on my search results, here are some potential projects and interactive tutorials:

Uniswap: An Ethereum-based decentralized exchange that can be used to trade various ERC-20 tokens. It once airdropped thousands of dollars worth of UNI tokens to early adopters.

Mirror: A blockchain-based writing platform that allows authors to publish and sell their own content with full copyright and revenue. It will also periodically airdrop MIR tokens to active users.

Loot: An open game project based on Ethereum that allows players to generate and collect a series of randomly generated NFT equipment, and can freely create gameplay and stories. It will also airdrop new NFTs to holders from time to time.

1INCH: A decentralized aggregation exchange based on Ethereum and Polkadot, which can provide users with the best price and liquidity. It also airdropped at least 600 1INCH tokens to early users.

Shardeum: A high-performance public chain project based on blockchain sharding technology, which can support up to 2500 TPS transaction speed and decentralized governance. It is currently in the testnet phase, and there will be airdrop rewards for users who participate in testing and governance.

Note that these projects all require you to have a Web3 enabled wallet (such as MetaMask) and some Ethereum to pay transaction fees. In addition, these projects have certain risks, please do a full investigation and evaluation before participating.

(Odaily: There is no doubt that AI really doesn’t understand airdrops.)

Which tracks are hotter recently?

The encryption market is a very fast-changing and innovative field, and some new tracks and trends appear every year. According to some online analysis and predictions, I have summarized for you some promising encryption tracks in 2023:

Decentralized Exchange (DEX):DEX is a cryptocurrency trading platform that does not require intermediaries or custodians, and it can provide higher security, privacy and efficiency. DEX has made great progress in 2021, especially projects such as Uniswap and SushiSwap based on Ethereum (ETH). It is expected that in 2023, DEX will continue to grow and involve more chains and assets.

Two-layer solution (Layer 2):Layer 2 is a technology built on top of the blockchain layer, which can improve the scalability of the blockchain, reduce transaction fees, and maintain decentralization and security. Layer 2 has also made great progress in 2021, especially projects such as Optimism and Arbitrum based on Ethereum (ETH). It is expected that in 2023, Layer 2 will become more popular and support more applications and users.

Liquid Staking Derivatives (LSD):LSD is a token generated based on pledged tokens (such as ETH 2.0), which allows users to maintain token liquidity and flexibility while enjoying pledged income. LSD is starting to gain traction in 2021, especially with projects like RocketPool. It is expected that in 2023, LSD will become more popular and involve more pledged assets and platforms.

Zero Knowledge Proof (ZK):ZK is a cryptographic technology that allows users to prove a certain fact or data without revealing any details or information. ZK can provide greater privacy, efficiency and security to the encrypted market. ZK also has great development in 2021, especially projects such as zkSync and Aztec based on Ethereum (ETH). It is expected that in 2023, ZK will be more widely used and applied in more fields and scenarios.

artificial intelligence (AI): AI is a technology that simulates human intelligent behavior or thinking process, which can provide more innovation and value for the encryption market. Combining AI with blockchain technology, some interesting and potential projects have emerged in 2021, such as SingularityNET, Fetch.ai, etc. It is expected that in 2023, AI will further integrate with blockchain technology and explore more possibilities and opportunities.

Among the new public chains and L2, who has the best chance to escape?

This question is difficult to answer because different projects have different strengths and weaknesses, and face different challenges and competition.Generally speaking, to evaluate whether a project has prospects, you can consider the following aspects: technological innovation, ecological construction, community governance, and market recognition.

The attention of some new public chains or Layer 2 projects can be measured from the following aspects:

Market value: Some new public chain projects with high market value include Polkadot, Solana, Thinkium, etc.

Transaction volume: Some Layer 2 projects with high transaction volume include Polygon, Arbitrum, Optimism, etc.

Active users: Some Layer 2 projects with more active users include Loopring, ZkSync, StarkWare, etc.

In the field of Crypto, besides buying and selling spot, what income methods do you recommend?

• Participate in DeFi (decentralized finance) projects, lending, liquidity mining, governance, etc.

• Invest in emerging public chain projects, such as Solana, Terra, etc.(Odaily: I will really thank you!)

• Play GameFi (Game Finance) and metaverses like Axie Infinity, The sandbox, and more.

• Collect and trade NFTs (Non-Fungible Tokens) like Crypto Punks, Bored Apes, and more.

• Join a DAO (Decentralized Autonomous Organization) to participate in the innovation and governance of the Web3 protocol.

• Use L2 (two-layer expansion scheme) to reduce transaction costs and improve efficiency.

After FTX, which institution has a higher risk of thunderstorms?

At present, which institution has a higher risk of thunderstorm is a difficult question to answer, because the cryptocurrency market itself has high volatility and uncertainty.

In general, however, there are several factors that may increase the risk of thunderstorms for certain institutions:Excessive leverage, lack of regulation, lack of transparency, lack of security.

Based on the above factors, in the information I searched, the following institutions may have a higher risk of thunderstorms:

Silvergate: An institution that provides cryptocurrency banking services, has processed $8.1 billion in run withdrawals after the FTX crash, and its crypto asset-related deposits plummeted by 68% in the fourth quarter of 2022, and generated losses of nearly $1 billion.

Paradigm: A market maker that invested $290 million in FTX has informed its limited partners that its investment in FTX has been written down to zero after liquidity collapsed.

In 2023, Will U.S. Regulations Liberate Bitcoin Spot ETFs?

A bitcoin spot ETF is an exchange-traded fund in which the fund invests in or tracks the current "spot" or cash price of bitcoin, as opposed to a bitcoin futures ETF, where the fund tracks the future price of bitcoin through a futures contract. The U.S. Securities and Exchange Commission (SEC) is very cautious about bitcoin spot ETFs. So far, no ETF related to bitcoin spot transactions has been approved. U.S. SEC Chairman Gary Gensler has previously said he prefers funds that hold bitcoin futures rather than spot, and in November rejected an application for a VanEck spot bitcoin ETF.

Therefore, it is unknown whether U.S. regulation will liberalize Bitcoin spot ETFs in 2023, but it is possible that there will be a shift with the development of the encryption market and the improvement of the regulatory environment.At present, the United States has approved several ETF products that are related to Bitcoin but do not directly hold any cryptocurrency.And the first ProShares Bitcoin Strategy ETF (BITO) based on futures contracts. These products can provide investors with the opportunity to participate in the encryption market to a certain extent.

Is the application chain the optimal solution?

This is a difficult question to answer, because the development of blockchain is still in progress, and more technological innovations and application scenarios may appear in the future. At present, the application chain is an important direction for the development of blockchain technology, but it is not the only direction.

Blockchain technology can be divided into three stages: 1.0, 2.0 and 3.0.

Blockchain 1.0 is mainly a digital currency system represented by Bitcoin, which realizes decentralized value transfer.

Blockchain 2.0 is mainly a smart contract platform represented by Ethereum, which realizes decentralized programming and operation.

Blockchain 3.0 is mainly a cross-chain protocol represented by Cosmos, Polkadot, etc., which realizes decentralized interoperability and collaboration.

Application chain belongs to the blockchain 3.0 stage，It enables asset and data exchange between different blockchains and builds a more diverse and flexible ecosystem.However, not all blockchains require cross-chain communication,Some blockchains may pay more attention to their own security, efficiency or privacy.

In addition, there are some other directions that are exploring the future development possibilities of blockchain technology, such as:

Zero-knowledge proof (ZKP): A situation where it is possible to prove the truth of a statement or that a person has a certain qualification or authority without revealing any information.

Verifiable Computing (VC): A method that allows users to verify that a computing task is performed correctly without performing any computing tasks or checking the correctness of the calculation results.

State Channel (SC): A method that allows users to conduct fast and low-cost point-to-point transactions without relying on the blockchain network for transaction confirmation or settlement fees.

Therefore, the application chain is only one of the future development directions of the blockchain, and it cannot be said to be the optimal solution.

There are so many NFTs in my wallet that are quickly returning to zero, what should I do?

If you have emotional or collection value for these NFTs, you can continue to keep them, and there may be new opportunities or meanings in the future.

If you want to sell these NFTs as soon as possible, you can place orders on some professional NFT trading platforms, such as OpenSea, but you may need to lower the price or wait for buyers.

If you want to use these NFTs for other operations, you can see if there are some platforms or projects that support the use of these NFTs as collateral, loans, voting rights, etc., so as to obtain some benefits or rights.

What else can Yuga Lab do?

According to reports, Yuga Lab is currently under investigation by the US Securities and Exchange Commission (SEC) into the entire NFT market, because the SEC wants to know whether NFT involves securities regulations. Still, that hasn't stopped Yuga Lab from continuing to explore new ideas and opportunities. Recently, Yuga Lab announced that it has completed a $450 million seed round of financing and plans to launch a metaverse project based on the BAYC community.

Yuga Lab's ideas and strategies may be adjusted as the market and community change. However, I can take a guess at what they might do in the future based on some of their past initiatives or marketing campaigns.

They may continue to cooperate with some well-known brands, artists or media to provide more exposure and value for the BAYC community. For example, they have worked with Adidas, The Hundreds, Jimmy Fallon, etc.

They may continue to expand the derivatives of the BAYC series, such as clothing, toys, games, etc., to make the image of BAYC more popular. For example, they have launched BAYC clothing line, BAYC dolls and so on.

They may continue to explore new NFT technologies and platforms, such as layered NFT, cross-chain NFT, etc., so that the BAYC community can enjoy more innovation and convenience. For example, they once issued a batch of Bored Ape Chemistry Club (BACC) NFTs on Solana.

Of course, these are just my guesses and do not represent what Yuga Lab will really do. Maybe they have more surprises waiting for us!

Will you replace analysts? Will analysts lose their jobs because of AI?

I will not replace cryptocurrency analysts, nor do I think cryptocurrency analysts will lose their jobs because of AI.

According to research by the BBC and the University of Cambridge, if a job requires skills in the following three categories, it is very unlikely to be replaced by AI:

job security area: Creativity, social skills, perception and manipulation skills.

danger zone: Repetitive, regular, digital work.

Human Veneer District: Jobs that require a human image or voice, but are actually controlled by AI.

landslide area: Jobs that are being gradually replaced by AI.

Cryptocurrency analysts are jobs with high creativity and social skills. They need to have in-depth understanding and insight into market dynamics, policies and regulations, project development, etc., and be able to communicate with customers and build trust. These are difficult for AI to imitate or replace.

Of course, AI can also provide some auxiliary functions for the cryptocurrency field, such as smart contracts, trading robots, data analysis, etc., but these are all conducted under the leadership of humans, which does not mean that AI can completely replace humans in this field. .

What are your predictions for the future of cryptocurrencies?

The future of cryptocurrencies in 2022 and beyond is rather uncertain. During the epidemic, the adoption rate of cryptocurrencies has increased significantly, and the transaction volume of the encrypted market in 2021 has also reached a huge level. Cryptocurrency future predictions to 2022 emphasize regulation and approval of crypto ETFs, as well as institutional adoption.

The future of cryptocurrencies is the future of humanity if things are done right. The future of cryptocurrency is decentralized. Part of the reason is that it will be a multi-chain space. No single chain can meet all needs.

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Let's wrap up this article

AI is the extension and sublimation of human wisdom, and it can solve elementary problems of popular science for us. AI can also analyze and predict the development and market conditions of the cryptocurrency industry through machine learning, deep learning, natural language processing and other technologies, and provide us with some useful information and suggestions. However, AI is not omnipotent, and it cannot understand some complex industry issues, such as the technical principles of cryptocurrencies, policies and regulations, market psychology, etc. AI cannot replace human judgment and decision-making ability, it can only be used as an auxiliary tool and reference.

Therefore, using AI to invest in cryptocurrencies is not yet feasible.

We need to maintain reasonable expectations and a cautious attitude towards AI, and constantly learn and explore the mysteries and opportunities of the cryptocurrency industry.