German hamster Mr. Goxx is running circles around the competition in the cryptocurrency arena.
The rodent started out with the euro equivalent of $390 on June 12 in his exchange account, which was set up by his anonymous owner. Three months later, the hamster has managed to grow his overall asset portfolio to $498. The increase puts Mr. Goxx ahead by nearly 30%, outperforming Bitcoin, the S&P 500, and even Warren Buffett’s company Berkshire Hathaway, according to Protos.
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“Mr. Goxx is happy to see that some of his investments finally pay off,” the hamster’s owner told the outlet.
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Mr. Goxx conducts his crypto-trading sessions from a high-tech cage in Germany, where his owner livestreams the hamster on Twitch. The hamster runs on an “intention wheel” on which he selects one of about 30 cryptocurrencies and then travels through one of two decision tunnels. His buy tunnel purchases 20 euros ($23.60) of the selected crypto, while the sell tunnel liquidates the entire position, the outlet reported.
The hamster has enjoyed some success in the last month. In July, the hamster purchased $23.79 of Dogecoin and sold it for $34.80 on Thursday, netting a 46% profit. Other times, Mr. Goxx will buy a cryptocurrency and then immediately sell it, losing a few cents in the process, per the outlet.
The hamster’s Twitch, Reddit, and Twitter accounts insist the investments are for entertainment purposes only and should by no means be taken as serious investment advice.
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The owner also announced on Monday a new set of collectible cards based on Mr. Goxx that can now be purchased, joking that the cards could become valuable one day.
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Tags: News, Germany, Animals, Cryptocurrency, Bitcoin
Original Author: Asher Notheis
Original Location: Crypto-trading hamster scampers past Bitcoin, S&P 500, and Warren Buffett
