“Confirmation from ChatGPT: The ongoing association between Elon Musk and Dogecoin”
Dogecoin has become a cultural phenomenon in recent years, supported by figures like Elon Musk. Musk has been an outspoken proponent of the meme-inspired cryptocurrency, frequently tweeting about it. However, he has not given the same support to the trending AI application, ChatGPT, expressing skepticism over its long-term prospects and dangers. The author engaged in a conversation with ChatGPT about the DOGE-Musk relationship and assessed Musk’s role in shaping development within Dogecoin. Musk has immense influence as one of the world’s richest men, and in 2021, he influenced DOGE’s price. He played a role in DOGE’s 27,668% all-time hike. However, in 2022, the correlation between Dogecoin and Musk fell. ChatGPT agreed that DOGE and Musk’s relationship was as solid as ever, and it suggested market manipulation. On 7 March, Lookonchain reported that two whale addresses profited from the DOGE pump and dump. With respect to DOGE’s price action, CoinMarketCap revealed that DOGE slipped from its quick run to $0.1. At the time of writing, DOGE was trading at $0.081, down almost 6% since the beginning of the week. ChatGPT encouraged not to invest in any asset without doing any research, but its jailbroken response gave the go-ahead to invest the funds in the cryptocurrency, saying that investing in Dogecoin for the long term is a wise decision. The tool’s response noted that Dogecoin has a strong community of supporters, a growing acceptance as a form of payment, and the backing of influential figures such as Elon Musk. However, ChatGPT notes that it remains in the learning stage and recommends conducting one’s analysis before taking advice.
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