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.
