Riding the artificial intelligence (AI) popularity wave, investment data analytics firm Chain of Demand is providing a widget to examine bitcoin (BTC) price movements around the time of U.S. interest-rate changes. This widget is being released just ahead of Wednesday’s Federal Reserve rate announcement. The creators of the Chain of Demand dashboard have worked on complex machine-learning engines with financial institutions and data providers such as Bloomberg.
The explosion of generative AI platforms is leveling the playing field and is potentially well-matched to the retail-first crypto trading space. CEO AJ Mak said that an investor interested in bitcoin price movements around Fed rate announcements would want fast and easy access to a range of insights that go much deeper than a generic ChatGPT response. Mak said, “We add in our own datasets and signals. When looking at [the] bitcoin price the day after the last 10 Fed rate announcements, I can then ask what else impacts the price. So that could be indicators of social sentiment around bitcoin and whale transactions over $100,000, for example.”
This week’s Fed rate/bitcoin price pattern modeler is a teaser of what’s to come, Mak said. The Hong Kong-based company’s dashboard is in beta testing and will be rolled out in about two months.