Evaluating the Role of Artificial Intelligence in Investment Decision-Making within the Realm of Cryptocurrency Trading

  • Dilli Ganesh R II MBA, School of Management Dwaraka Doss Govardhan Doss Vaishnav College Chennai, Tamil Nadu, India
Keywords: Artificial Intelligence (AI), Cryptocurrency Trading, Investment Decision-Making, Algorithmic Trading, Machine Learning

Abstract

The Dance of Machines and Markets: Can AI Lead the Crypto Waltz? 
Cryptocurrency markets, with their inherent volatility and vast data streams, present a captivating arena for the interplay of human ingenuity and artificial intelligence (AI). This research investigates the potential of AI to transform investment decision-making within this dynamic landscape. We explore how AI algorithms, adept at pattern recognition and complex data analysis, can be leveraged to predict price movements, optimize portfolio allocation, and navigate the emotional pitfalls often faced by human traders. However, the dance between AI and the crypto markets is not without its challenges. The opacity of certain AI models and the ever-evolving nature of the cryptocurrency ecosystem necessitate a critical evaluation of its limitations. This research aims to provide a balanced perspective, unveiling the potential of AI to guide investment decisions while acknowledging the inherent risks and complexities that lie ahead.

Published
2024-03-22
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How to Cite
R, D. G. (2024). Evaluating the Role of Artificial Intelligence in Investment Decision-Making within the Realm of Cryptocurrency Trading. Shanlax International Journal of Management, 11(S1-Mar), 108-113. https://doi.org/10.34293/management.v11iS1-Mar.8065
Section
Articles