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- A pet hamster named Mr. Goxx, is shaking the crypto space after beating renowned investors’ portfolio gains.
- The hamster, who runs his trades in a tiny office, has generated nearly 50 percent profit in the past three months.
Over time, people come up with different investment strategies to raise their income levels using digital assets. For one anonymous trader, his hamster does most of the work. A hamster is a rodent pet many consider adorable and a good alternative to cats and dogs. This owner’s hamster has been rocking the Internet with his savvy crypto trading. The pet even has a modest following on Twitch’s live-streaming video platform in a channel named “Fish Plays Pokemon.”
Interestingly, the rodent is named Mr. Goxx, possibly after the early giant Bitcoin exchange Mt. Gox. The German-based hamster has been trading digital assets since June 12. The creature doesn’t possess the sharp-wittedness of a spiced trader, rather it uses a rigged cage dubbed the “Goxx Box.”
Hamster with Hands Gifted In Crypto Trading
The cage is a contraption cleverly made as a tiny trading office fit for a hamster. First, the hamster runs through an “intention wheel” where one of the 30 listed cryptocurrencies is chosen for trading. The top digital assets held by the hamster include Tron, Ripple’s XRP, Cardano’s ADA, and Ether.
Mr. Goxx then runs through one of the two “decision tunnels,” with one marked ‘buy’ and the other ‘sell.’ For whichever tunnel he runs through, a trade is executed on a computer in 20 euro increments (roughly $23.43). Mr. Goxx can then leave and return to his office as he pleases.
Reasonably, most people find the invention largely random and disorderly, while others view it as quite fascinating. The Goxx Box may be based on author Burton Malkiel’s book “A Random Walk Down Wall Street.” Malkiel believed that a blindfolded monkey throwing darts at a stock ticker list in the newspaper could do just as well as a human investment professional.
Nonetheless, Mr. Goxx portfolio was up roughly 24 percent as of Friday, according to Goxx’s daily Twitter feed. The hamster’s portfolio started with the euro equivalent of $390 in an exchange account. By mid-September, the portfolio has achieved an all-time high of $580, going up nearly 50 percent in less than three months.
Bitcoin has been up 41 percent over the same period. Mr. Goxx’s gains have also far outdone the S$P 500, Warren Buffet’s Berkshire Hathaway, and Cathie Wood’s ARK Innovation over the same period.
Mr. Goxx’s Future Plans
That said, the hamster’s portfolio has not been immune to the recent market-wide crypto dip. His caretaker, however, still plans on giving Mr. Goxx more investment opportunities in the future.
“There are plans to give Mr. Goxx more control and let him intentionally pick his buy amount if the interest in his channel keeps growing,” Mr. Goxx’s caretaker told Protos.
Notably, Mr. Goxx has been picky about his trades. The hamster has bought dips and repeatedly invested in digital assets that have brought high profits.
