Source; mr_goxx, Twitch
In the cryptosphere, it is not uncommon for newcomer traders to outperform established players in the financial industry. However, in this particular case, the newcomer is a hamster who has been trading crypto since last June and in the short period of his career has surpassed Warren Buffett’s holding company Berkshire Hathaway and the S&P 500 index, among others.
The rodent, whose name is Mr. Goxx, is engaged in crypto trading while running on a hamster wheel, as evidenced by the livestreams on his Twitch account. The wheel doubles as a trading office, so Mr. Go here to select specific assets.
By entering one of the tunnels in his cage, the tech-savvy hamster decides whether to buy or sell the selected good. His decisions are then transferred to a real trading platform via an application programming interface (API), according to the owner of the rodent.
“Mr. Goxx has placed a sell order for 36.0 XRP at EUR (- %),” reads one of the latest tweets.
The following tweet reflects the hamster’s penchant for night shifts: “Mr. Goxx has completed his office hours for tonight with 1 order(s). Career performance: + , – EUR (+ %)”.
This result puts the hamster ahead of both Berkshire Hathaway and the S&P 500 Index over the same period, raising questions about the potential superiority of rodents over humans in terms of their investment strategies.
In the case of Berkshire Hathaway, the value of the stock fell from USD 430,282 on June 11 to USD 418,101 on September 24. For the S&P 500 index, the same period was more positive, as the index of 4, on 11. However, this expansion still lagged behind the performance of Mr. Goxx in the same period.
An analysis by the Swiss asset manager Protos states that Mr. Goxx started his trading career with the equivalent of USD 390 in euros. The rodent trades about 30 cryptoassets.
“Mr. Goxx is pleased to see that some of his investments are finally paying off,” the hamster’s human business partner told Protos.
“Since Mr. Goxx is an honorable rodent, he has to reckon with about 35% tax deducted on all his earnings, so there is some work left before he can really talk about making money.”