Amid the growing interest in artificial intelligence (AI) technology, Google Bard has emerged as a valuable assistant in the world of cryptocurrency trading and investments. Finbold recently sought Bard’s expertise to create an investment portfolio for a beginner trader with an extra $100 to spend in the cryptocurrency sector. Here are Bard’s suggestions as of August 3rd.
First on the list is Bitcoin (BTC), which Bard considers the most well-known and established cryptocurrency. It recommends allocating 30% of the budget to Bitcoin due to its potential to appreciate in value over the long term. At the time of writing, Bitcoin’s price was $29,127.
Next up is Ethereum (ETH), the second-largest cryptocurrency by market capitalization. Bard recommends allocating 25% of the portfolio to Ethereum, noting its potential to disrupt many industries through decentralized applications (dApps). Ethereum’s current price stands at $1,835.
Cardano (ADA) takes third place in Bard’s portfolio with a suggested allocation of 15%. Cardano is gaining popularity due to its energy efficiency and scalability, utilizing the proof-of-stake algorithm. Cardano was trading at $0.295.
Bard suggests including Solana (SOL) in the portfolio with a 10% allocation. Solana is a fast and scalable cryptocurrency that competes with Ethereum in terms of energy efficiency and speed. It utilizes the proof-of-history consensus mechanism and was priced at $22.71.
Another 10% allocation goes to Polygon (MATIC), a layer-2 scaling solution for Ethereum. Polygon aims to reduce gas fees and improve network performance. It utilizes the Ethereum network for security and decentralization. Polygon’s price currently sits at $0.674.
Lastly, Bard recommends allocating 10% to The Sandbox (SAND). The Sandbox is a metaverse platform on the Ethereum blockchain that allows users to create, own, and monetize virtual experiences. SAND was priced at $0.409.
Bard emphasizes the importance of conducting personal research before investing in cryptocurrency. Factors such as technology, team track record, market capitalization, price, and volatility should be considered. It is crucial to understand that the content provided is not investment advice.
In conclusion, Bard’s portfolio offers a well-rounded selection of cryptocurrencies for beginners. Bitcoin and Ethereum are established assets, while Cardano, Solana, Polygon, and The Sandbox have promising growth potential.
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