ChatGPT picks 2 cryptocurrencies to buy with your IRS stimulus check

As tax season comes to a close, many Americans are still eligible to claim up to $1,400 via the IRS stimulus check, courtesy of the Recovery Rebate Credit.

The Internal Revenue Service has already shared a reminder, urging individuals who missed the third and final round of stimulus payments during the pandemic to file their 2021 tax return by April 15.

For those looking to put their checks to use for investments, particularly in the cryptocurrency market, OpenAI’s artificial intelligence model (AI), ChatGPT, has identified two potential assets worth considering.

Solana (SOL)

According to ChatGPT, Solana (SOL) stands out due to its potential for price growth, given its increasing institutional interest.

The model noted that this aspect lies in the fact that asset management firms, including Franklin Templeton, have filed for a Solana-based exchange-traded fund (ETF). If approved, this could legitimize SOL, attract institutional capital, and boost its value.

Additionally, ChatGPT pointed out that Solana’s inclusion in the U.S. government’s strategic reserve of digital currencies signals its growing acceptance as a key player in the financial system. This decision not only increases Solana’s credibility but also positions it for broader adoption in the future.

At the same time, Solana’s technological advancements are another compelling factor for potential investors. The upcoming release of “Firedancer,” an alternative client, aims to enhance Solana’s transaction speed and network security, a possible growth catalyst.

At the time of reporting, SOL was valued at $106.67, down almost 2% in the last 24 hours. On the weekly chart, the decentralized finance (DeFi) asset is also in the red, down 15%.

*SOL one-week price chart. Source: Finbold*

Cardano (ADA)

ChatGPT also recommended Cardano (ADA), emphasizing that the asset will likely see an upside driven by institutional interest and ecosystem upgrades.

For instance, it noted that Fineqia AG launched the world’s first exchange-traded note (ETN) linked to Cardano assets, offering investors a new way to gain exposure to ADA.

To this end, the AI model views the partnership as a sign of growing institutional interest in Cardano.

Cardano’s governance enhancements through its ‘Chang’ hard fork, which introduces community-driven governance, allowing ADA holders to vote on important network decisions, could attract more participants to the ecosystem while boosting investor confidence in Cardano’s long-term viability.

In addition, ChatGPT stated Cardano is solidifying its real-world use cases through partnerships like its collaboration with Petrobras, which uses its blockchain for operational transparency. These applications could drive widespread adoption and fuel future growth.

Like Solana, ADA has also been weighed down by the broader market sell-off. As of press time, the asset was trading at $0.57, a weekly correction of over 11%.