Here is everything you need to know about a Germany-based cryptocurrency-investing hamster who has been beating the S&P 500
With the crypto market capturing the collective imagination of the world at large, it isn’t surprising to know that a Germany-based cryptocurrency-investing hamster has been beating the S&P 500 like it is child’s (or hamster’s) play. (Image credit: Quantent)
Started as a light-hearted by-project by individuals who remain anonymous, the hamster, Mr Goxx, has been given a tidy little office from where to take investment decisions. The setup is simple. (Image credit: Quantent)
Mr Goxx has an intention wheel where he goes to and depending on how he has spun it, a cryptocurrency is chosen. After this, Mr Goxx is trained to go through either one of a buy or sell ‘decision tunnel’. (Image credit: Quantent)
Mr Goxx’s trades are live-streamed on Twitch and performance logs are posted on Reddit and Twitter.
The performance of Mr Goxx, which was named after Mt Gox, once the world’s largest cryptocurrency exchange, has reportedly beaten not just the S&P 500 but also investors such as Warren Buffett. Since June, his portfolio is up around 19 percent. (Image credit: Quantent)
Mr Goxx’s popularity has spawned a neat product line. The owners have created a Goxx NFT marketplace on the platform Open Sea where the costliest artwork sells for as much as ETH 10, or roughly Rs 32.5 lakh. Mr Goxx also has his own merchandise store. (Image credit: Quantent)