“Here’s the thing: Donald Trump has nothing to do with this cryptocurrency. Even though it’s named after him, he’s not involved in it, and he doesn’t make any money from it. The people behind it are the ones making money when the price of the coin goes up, but Trump himself hasn’t earned anything from it,” ChatGPT said.

While ChatGPT is adamant that Trump had nothing to do with the coin and made no profit, the truth is hard to say. Some news sources claim the entire project to be a scandal, but no charges have been filed.

ChatGPT said: “The value of cryptocurrencies, including TRUMP, is super sensitive to what’s happening in the world economy. If people are feeling good about money and want to take risks, the price of crypto can go up. But if people are scared about losing money, the price can drop.

Things like inflation, interest rates, or government decisions can affect how much people are willing to pay for TRUMP or other cryptocurrencies. When the economy is doing well, people might feel more comfortable buying coins. But when things are shaky, they might sell and make the price drop.”

ChatGPT is correct about the connection between the economy and cryptocurrencies. For example, look at what happened during COVID-19. The U.S. government issued stimulus checks to citizens in an attempt to boost the economy. This led to many new buyers taking a risk with the “free” money they’d received and trying out cryptocurrency. The government issued three rounds of stimulus checks between March 2020 and March 2021. For Bitcoin, on Feb. 29, 2020, its price opened at $8,671.21. And on April 1, 2021, after all stimulus checks were out, Bitcoin’s price opened at $58,926.56.

For its final answer, ChatGPT responded with, “Here’s the important part: Cryptocurrencies are risky. Just like if you were to invest in stocks or other things, the price of TRUMP can change very quickly, and sometimes it can drop a lot. There’s also the fact that TRUMP is not as popular or well-known as big cryptocurrencies like Bitcoin, so it could be even riskier.

If you’re thinking about investing in TRUMP, ask yourself:

• Do I understand what I’m investing in?

• Can I handle it if the price goes down?

• Is it just a fun thing, or do I think it will be worth more in the future?

It might not be the best idea to put all your money into something like TRUMP, especially if you don’t know much about cryptocurrencies. But if you’re just having fun with a small amount, that’s okay — just don’t expect it to be a guaranteed way to make money.”

Remember, investing in cryptocurrency or meme coins is especially risky. If you’re not sure whether it’s a good idea, speak with a finance professional before making any investments.

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This article originally appeared on GOBankingRates.com: I Asked ChatGPT To Explain TRUMP Crypto to Me Like I’m 12: Here’s What It Said