HOW TO USE CHATGPT TO GET RICH
A speaker describes using ChatGPT to design novel financial instruments (STRK, STRF, STRD) that enabled their company to raise approximately $15 billion in capital for Bitcoin purchases. By asking AI to solve problems that traditional lawyers and bankers said had never been done before, they created legal but unprecedented credit instruments that generated substantial returns.
Summary
The speaker claims to have used ChatGPT to make $15 billion by designing innovative financial instruments. The company had exhausted traditional financing options including equity markets and convertible bonds to fund Bitcoin purchases. When conventional financial advisors stated that the proposed solutions had never been done before and discouraged the approach, the speaker turned to ChatGPT for guidance. The AI provided solutions to problems that had never been encountered in financial history. The first instrument, called STRK, resulted in a $500 million IPO. Two months later, they created STRF, which generated $800 million. A third instrument, STRD, became a billion-dollar offering. The speaker emphasizes that while none of these instruments were illegal, they were unprecedented because no one had previously conceived of them or had a reason to create them. Traditional financial professionals—lawyers, bankers, and conventional investors—were hesitant because they had never seen these structures before. The speaker's key insight is that success required knowing what to ask for and being able to narrow down the problem through dialogue, after which ChatGPT could provide specific implementation steps. Essentially, the speaker sold approximately $15 billion of credit instruments, all designed with AI assistance.
Key Insights
- The speaker maxed out traditional financing options (equity markets and convertible bonds) and needed to invent entirely new types of credit instruments to continue scaling their Bitcoin acquisition strategy
- ChatGPT provided solutions to financial engineering problems that had never been encountered in history, whereas lawyers and bankers refused because the structures had never been done before
- Three successive financial instruments (STRK at $500M, STRF at $800M, STRD at $1B) were all designed using ChatGPT and collectively represented approximately $15 billion in credit
- The instruments were legal and not violations of any rules, but remained unprecedented because conventional financial professionals had never conceived of them and saw no reason to create them
- Successfully using AI to solve novel problems required first knowing what specific outcome was desired and narrowing down the problem through dialogue before asking the AI for implementation steps
Topics
Transcript
[0:00] I used AI to make $15 billion last year. >> Is that your story? >> This is true. And the AI wouldn't have told you to do this. So, let's go back to me in 2025. We have a company that has billions of dollars of Bitcoin. We want to actually raise capital to buy more Bitcoin. We maxed out the equity markets, the convertible bond market. >> You borrowed as much money as you could from traditional means. >> Yes. It wasn't scalable. So, we needed to invent a new type of credit instrument to borrow money to buy more Bitcoin. And we used AI to design a a convertible preferred stock called STRK. [0:31] When we asked…
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