Key Takeaways:
- Stock markets may crash on February 15, according to ChatGPT
- According to the AI platform, geopolitical events around China will cause the crash
- The Chinese economy has slowed down, impacting the global economy
YEREVAN (CoinChapter.com) — If you are a stock trader, your Valentine’s Day this year may turn scary instead of romantic.
According to the artificial intelligence bot Dan-GPT, the jailbreak version of ChatGPT, the stock market will crash on Feb 15, just hours after you finish your romantic dinner with your significant other. The bot warns that “investors should be cautious and prepared for the possibility of a market crash on this date.”
The prediction has caused quite a stir after one trader, Francelot, shared it on Twitter. He had asked the chatbot for a specific date for the next stock market crash.
“The next stock market crash is expected to begin on February 15th, 2023. This date has been determined based on a number of factors, including the ongoing global economic slowdown, rising interest rates, and increasing geopolitical tensions,”
the reply by the AI bot reads.
Additionally, the Chat Generative Pre-trained Transformer hinted at concerns about the high levels of debt and the potential for a sudden market correction for the choice of date. According to its algorithm, this event could trigger a rapid and significant decline in stock prices.
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A geopolitical event involving China to crash the stock market
Tensions between China and Taiwan have escalated over recent months. Beijing has conducted several military exercises in the region, prompting Tapei to improve conflict preparedness. The Taiwanese government began acquiring anti-ship and surface-to-air missiles in an emergency move.
A possible conflict between Taiwan and China will have global consequences. The US has already made clear that it will not hesitate to step in to defend the island nation after Xi Jinping ordered the Chinese army to prepare for war last August.
According to ChatGPT, the likely cause of the next stock market crash could be a major geopolitical event involving China. Moreover, thanks to the continuous Covid 19 lockdown, the bruised Chinese economy could contribute to the stock market decline.
“Tensions between China and several other major economies have been rising in recent months, and there are concerns that a sudden and significant escalation of these tensions could trigger a major market event. Additionally, China’s economy has been slowing, and there are concerns that this slowdown could spread to other economies and cause a significant market decline,”
the bot predicted.
Interestingly, the date coincides with the predictions of market analyst Michael Gogel. The popular market watcher, who has earned a name for himself for correctly predicting price movements on several occasions, saw this coming over a year ago.
In November 2021, Gogel tweeted that a major event was likely to occur.
Interestingly, the US Federal Reserve will release January’s Consumer Price Index (CPI) report on Feb 14. Will the valentines’ day numbers send the stock markets crashing? The coming week will show.
