Page 13 - IAV Digital Magazine #533

A Crypto-Trading Hamster Performs Better ThanWarrenBuffett AndTheS&P500
iAV - Antelope Valley Digital Magazine
By Deepa Shivaram
What if we told you there was a hamster who has been trading cryp- tocurrencies 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 cryp- tocurrencies. Then, deciding between two tun- nels, he chooses whether to buy or sell. According to the Twitch accoun t for the hamster,
his decision is sent over to a real trading platform — and yes, real money is involved.
Look, we're not
telling you to fol- low in this ham- ster's financial decisions or that this process is scientific in any way. The human behind this ham-
ster's account and money has not been made pub- lic.
But what we can tell you is his portfolio is up
nearly 20% since he started trading in June, accord- ing to
his Twitter accoun t. 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 chang- ing.
We've seen peo- ple 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
https://www.youtube.com/watch?v=cfVdnD9dBiw
iAV - Antelope Valley Digital Magazine