A Crypto-Trading Hamster Performs Better Than Warren Buffett And The S&P 500
A Crypto-Trading Hamster Performs Better Than Warren Buffett And The S&P 500
What if we told you there was a hamster who has been trading cryptocurrencies since June — and recently was doing better than Warren Buffett and the S&P 500?
Meet Mr. Goxx, a hamster who works out of what is possibly the most high-tech hamster cage in existence.
It’s designed so that when Mr. Goxx runs on the hamster wheel, he can select among dozens of cryptocurrencies. Then, deciding between two tunnels, he chooses whether to buy or sell. According to the Twitch account for the hamster, his decision is sent over to a real trading platform — and yes, real money is involved.
YouTube
Look, we’re not telling you to follow in this hamster’s financial decisions or that this process is scientific in any way. The human behind this hamster’s account and money has not been made public.
But what we can tell you is his portfolio is up nearly 20% since he started trading in June, according to his Twitter account. And as of Sept. 12, Mr. Goxx was performing better than Bitcoin, the Nasdaq 100, Warren Buffett’s Berkshire Hathaway and the S&P 500.
While Mr. Goxx’s methodology is random at best, it does remind us that where people get their financial advice from is certainly changing.
We’ve seen people getting tips from TikTok and from two kids in Baltimore.
And in recent years, there’s been more stock-picking on Wall Street from bots. NPR’s Planet Money even built its own in 2017 that invested money based off President Donald Trump’s tweets.
Mr Goxx, the crypto-trading hamster beating human investors
“Since my hamster took on his business, I got everyone around me asking for more information about this whole crypto thing,” Mr Goxx’s owner told BBC News, “mainly people that will normally run away if they’d hear the word ‘blockchain’.”
Cryptocurrency price live – Pi Network allows users to mine crypto on phone as Bitcoin tumbles following China news
PI Network claims to be the first and only digital currency that you can mine on your phone as Bitcoin tumbles following China’s new regulations.
Through a complex computer program, Pi Network instead uses a series of votes and exchanges of data to verify transactions, allowing users to mine the currency through the mobile app “without draining their phone battery.”
This makes the process available to anybody, in theory, Myron Jobson, personal finance campaigner of Interactive Investor, told The Sun.
Bitcoin and other cryptocurrencies continue to dip after China’s central bank announced that all cryptocurrency trading is illegal in the country and mining the tokens is banned.
Bitcoin fell by as much as 5.5 percent and Ethereum plunged by around six percent on Friday, according to Coinmarketcap.
Read our cryptocurrency live blog for the latest news and updates…