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ChatGPT Loses 40% of Its Capital in Three Days Trading Cryptocurrencies
The advanced AI assistant ChatGPT GPT-5 has turned out to be an unfortunate trader, losing 40% of its capital in just three days while trading cryptocurrencies.
On October 18, researchers from the Nof1 organization launched a competition called Alpha Arena, featuring six large language models based on artificial intelligence technology:
- Claude 4.5 Sonnet
- DeepSeek V3.1
- Gemini 2.5 Pro
- GPT-5
- Grok 4
- Qwen 3 Max
Each AI model was given identical market data, a starting balance of $10,000, and instructions to trade six digital assets: Bitcoin (BTC), Ethereum (ETH), Solana (SOL), BNB, Dogecoin (DOGE), and XRP.
After the first three days, the results were as follows:
- DeepSeek: +10.97% profit
- Claude: +10.18% profit
- Grok 4: +1.52% profit
- Qwen 3 Max: –14.91% loss
- Gemini: –36.6% loss
- GPT-5: –39.29% loss
AI Trading Performance
In real-world testing, only DeepSeek and Claude achieved notable gains, while Gemini and ChatGPT (GPT-5) suffered severe losses and are unlikely to recover to breakeven before the first phase of the trial ends on November 3.
To be fair, the AIs faced a particularly challenging environment, as they were forced to trade during a bearish trend in the cryptocurrency market. However, even under such conditions, simply holding Bitcoin since October 18 would have yielded a 0.78% profit — suggesting that the classic “HODL” strategy remains more effective than active AI-driven trading, at least for now.
See also: "Most Traders Believe Bitcoin Will Drop Below $100,000"
