Best Twitter threads of the day – May 16th

"ChatGPT can pick stocks better then top fund managers" – CNN

So we gave it $50,000 of our own money to manage and are sharing the results here

The Fund officially went live today and it’s already outperforming the $SPY

Here are the set of stocks it picked? pic.twitter.com/QvyUE3FXHT

— The ChatGPT Fund (@chatgpttrader) May 15, 2023

For the sake of transparency here is how ChatGPT identified 20 stocks after analyzing a list of over 10,000

Via the ChatGPT API, GPT 3.5 analyzed recent stock news articles and gave each individual stock a sentiment score

This resulted in a graded list of all the stocks

— The ChatGPT Fund (@chatgpttrader) May 15, 2023

We then took the top 100 and married those stocks with their financial statements by introducing the prompt below

By doing this we ensure ChatGPT understood both the long term financial positions + the short term sentiment of the stocks

Here's what it came up with pic.twitter.com/RtVVXaaiU8

— The ChatGPT Fund (@chatgpttrader) May 15, 2023

Introducing the GPT Fund

Stock ticker followed by GPT Score:$BRK.A – 96$GOOGL – 92$DVA – 92$INSW – 92$DHI – 92$AMZN – 92$CNP – 92$EQIX – 92$CR – 92$ERIE – 92$ALB – 92$AMR – 92$AVGO – 92$FSLR – 88$BLDR – 88$HCCI – 88$ENTG – 88$AAPL – 88$CECO – 88$ADEA – 88

— The ChatGPT Fund (@chatgpttrader) May 15, 2023

Here's an example of how the prompting worked:

Berkshire Hathaway: $BKA.A

Industry: Everything

Output: pic.twitter.com/1fFQUSxubJ

— The ChatGPT Fund (@chatgpttrader) May 15, 2023

Davita Inc.: $DVA

Industry: Bio-Tech

Output: pic.twitter.com/uUALz0XkAv

— The ChatGPT Fund (@chatgpttrader) May 15, 2023

We will have more coming soon, but

For those asking if there's a way to invest alongside the portfolio, automatically

We got you ?

We have $50K of our real money in it & another $2M+ is already committed from 600+ more investors

You can join here:https://t.co/FgyBQ06Anu pic.twitter.com/IyMp8OKb9k

— The ChatGPT Fund (@chatgpttrader) May 15, 2023

Yo @Ledger, does this mean you can access my #BTC ?

OR

Does it mean you can access my #BTC only if I subscribe to your Ledger Recover service?

Which one is true? Or are they both? ? pic.twitter.com/KaoJbwjyHv

— Duo Nine discord.gg/ycc (@DU09BTC) May 16, 2023

For only $9.99 per month Ledger is ready to compromise everyone's security!

Subscribe today! ??? pic.twitter.com/eebSRdzkjN

— Duo Nine discord.gg/ycc (@DU09BTC) May 16, 2023

Good point.https://t.co/GbbilFUlx3

— Duo Nine discord.gg/ycc (@DU09BTC) May 16, 2023

So which HW should I buy to replace my @Ledger ? pic.twitter.com/L7oNjm961E

— Duo Nine discord.gg/ycc (@DU09BTC) May 16, 2023

Ledger should release this ? service on a new dedicated device.

They COMPROMISED existing devices and betrayed users that bought Ledger on the knowledge it is a hardware wallet.

This update negates that and turns Ledger into a hot wallet.

This is not what we paid for. pic.twitter.com/f839auiW6Q

— Duo Nine discord.gg/ycc (@DU09BTC) May 16, 2023

You have 12 months to pay up or lose your coins.

Tell me again, what is the purpose of this service?

Not your keys, not your coins. #Bitcoin pic.twitter.com/5FJSKyQqq7

— Duo Nine discord.gg/ycc (@DU09BTC) May 16, 2023

The plot thickens.

So @Ledger can you access my #BTC or not? Based on the below it sounds like a yes. ? https://t.co/N9p22BFkRW

— Duo Nine discord.gg/ycc (@DU09BTC) May 16, 2023

The European Council passed #MiCA with a unanimous vote today — marking the final adoption of the regulation. All that's left is for the text to be published in the Official Journal of the EU. pic.twitter.com/QaOlhYH3jY

— Inbar Preiss (@InbarPreiss) May 16, 2023

MiCA is part of the digital finance package proposed by the European Commission in 2020, and it's been a rocky road to get to the finish line.

Along the way, lawmakers averted a Proof-of-Work ban and pushed in a last-minute measure to restrict certain stablecoin transactions.

— Inbar Preiss (@InbarPreiss) May 16, 2023

EU policymakers were keen to create a comprehensive framework for crypto regulation that serves as a blueprint for other jurisdictions around the world.

The industry is generally welcoming of the new rulebook which provides much needed legal clarity.

— Inbar Preiss (@InbarPreiss) May 16, 2023

Let's not forget that the Transfer of Funds Regulation also passed a unanimous vote from the Council's finance ministers, and is ready for enforcement.

The TFR means that identification details will need to accompany crypto transactions, according to FATF recommendations. pic.twitter.com/gLrZbSCCSu

— Inbar Preiss (@InbarPreiss) May 16, 2023

New rules for kick in for TFR and MiCA's stablecoin provisions in mid-2024, and the rest of MiCA in Jan 2025.

Until then, European regulators are busy drafting the implementation standards and preparing for their new supervisory roles.

— Inbar Preiss (@InbarPreiss) May 16, 2023

But MiCA is not the only EU legislation that will regulate crypto. Here are nine others you should know about: https://t.co/FIoynZ3ira

— Inbar Preiss (@InbarPreiss) May 16, 2023