A crypto-trading hamster outperforms Warren Buffett and the S&P 500

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What if we told you that there is a hamster who has been trading cryptocurrencies since June and who recently did better than Warren Buffett and the S&P 500?

Meet Mr. Goxx, a hamster who works in what is perhaps the most high-tech hamster cage around.

It’s designed so that when Mr. Goxx runs on the hamster wheel, he can choose from dozens of cryptocurrencies. Then, deciding between two tunnels, he chooses to buy or sell. According to Hamster’s Twitch account, his decision is passed on to a real trading platform and yes, real money is involved.

Look, we’re not telling you to follow 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 that his portfolio has grown almost 20% since he started trading in June, according to his Twitter account. And as of September 12, Mr. Goxx was outperforming Bitcoin, the Nasdaq 100, Warren Buffett’s Berkshire Hathaway, and the S&P 500.

While Mr. Goxx’s methodology is haphazard at best, it reminds us that where people get their financial advice certainly changes.

We’ve seen people get advice from TikTok and two kids in Baltimore.

And in recent years, there has been more stock picking on Wall Street from bots. NPR’s Planet Money even built its own in 2017 which invested money based on President Donald Trump’s tweets.

Copyright 2021 NPR. To learn more, visit https://www.npr.org.

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