Unleash the Power of AI-Related Crypto Assets: A Deep Dive into ChatGPT's Influence!
🌐 Abstract:
Witness the paradigm shift in AI-related crypto assets post the introduction of OpenAI's ChatGPT. Through synthetic difference-in-difference analysis, we unveil the profound "ChatGPT effects," driving average returns of 10.7% to 15.6% in the one-month to two-month period post-launch. Dive into our research to understand the pivotal role of Google search volumes as critical pricing indicators for AI-related crypto assets.
🚀 Introduction:
Embark on a journey through the groundbreaking launch of ChatGPT, revolutionizing the landscape of AI. Explore its transformative impact on AI-related crypto assets, driving significant market valuations and reshaping investor perceptions.
🔍 Key Findings:
Positive Average Treatment Effects: Witness the surge in AI-assets' performance, showcasing remarkable returns amidst a bearish cryptocurrency market.Spillover Effect: Experience the ripple effect of ChatGPT's attention, transcending directly related assets to boost valuations across the AI sector.Google Search Volumes as Price Indicators: Delve into the role of Google search volumes as a reliable gauge of retail investor attention, guiding market analyses and decision-making.
💡 Theoretical Insights:
Explore the various channels contributing to the positive price effect of AI-assets post-ChatGPT launch. From signaling theory to information diffusion effects, uncover the mechanisms driving heightened market valuations.
📊 Data Analysis:
Navigate through our comprehensive dataset spanning the critical period post-ChatGPT launch, providing insights into asset returns and performance metrics of AI-related crypto assets.
🔮 Conclusion:
Join us as we conclude our exploration, shedding light on the significant impact of ChatGPT on AI-related crypto assets. Discover how technological advancements can drive market dynamics and investor perceptions, shaping the future of financial markets.
