ChatGPT and global cryptocurrency ownership

Abstract

This research examines the relationship between attention to ChatGPT and global cryptocurrency ownership using data from 14 countries. Google search volumes for ChatGPT proxy for country-level attention to artificial intelligence (AI). The results show that countries with higher levels of AI-related attention have lower rates of cryptocurrency ownership. This pattern is consistent with the view that investor attention relates to risk preferences and trading behaviour. Overall, the findings offer a potential link between AI attention and asset allocation choices.