In this news article “the web is a wonderland”, a real hamster called Mr. Goxx is trading online and beating human investors.
Named after the Mt Gox disaster that saw thousands of crypto traders lose their funds, this hamster goes all-in on the crypto market and comes out on top.
His story is featured in an incredibly funny and somehow alarming BBC report that explains how Mr. Goxx does crypto-trading and what his owners had in mind when setting up this project.
The idea is simple:
The Mr Goxx hamster spins on his “intention wheel” connected to an Arduino. The wheel can land on different cryptocurrency coin options. Wherever the wheel stops, that’s the piece he selects.
Then, if he lands on the tunnel marked “Buy” or “Sell”, the transaction is completed.
You can watch Mr. Goxx spin the wheel every day on Twitch and find out when he goes live by following him on Twitter.
And what are his humans saying?
“We felt that everything is getting more and more expensive these days and it is very difficult to save money on construction with high rents to pay,” they said.
It seems that most people of our generation see no other chance than to throw a large chunk of their savings into the crypto market, without having a clue what is going on there.
We joked about whether my hamster would be able to make smarter investment decisions than us humans,” the two men behind the hamster said.
Lo and behold, the hamster makes a profit! Mr. Goxx has actually outperformed both the S&P 500 and billionaire Warren Buffett, with returns of 24% in recent months.