The United States watchdog warned hopeful crypto investors against placing trust and funds in AI trading bots, as many will result in a 100% loss.
Investors searching for their next massive cryptocurrency profits have been warned against relying on artificial intelligence (AI) trading bots to deliver. Despite a surge in popularity, the United States Commodity Futures Trading Commission (CFTC) reiterates that AI cannot predict the future.
In a recent press release, the CFTCÂ advises crypto investors aspiring for significant returns in 2024 to avoid being lured by exaggerated promises from AI trading bots.
The agency highlights those promising impressive yields using bots, trade signal algorithms, crypto-asset arbitrage algorithms and other AI-assisted technology.
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Source: https://cointelegraph.com/news/cftc-ai-trading-bots-crypto-gains