In 2018, two German men were restless during the bear market and tired of seeing endless technical analysis charts that lead to nothing. They decided to test a theory that most people are randomly trading on blind luck. To put this to the test they hired Mr Goxx, a hamster, to test their theory.
After creating a setup comprising a cage with an office desk, a running wheel, and a few tunnels, Goxx Capital was open for business. The aim was for Mr Goxx to select a cryptocurrency to trade, to decide this he would run through either a tunnel marked buy, or one marked sell.
Whenever the hamster ran through one of the tunnels the operation would happen automatically. Several popular cryptocurrencies were available including Tron, Cardano, Ethereum, Ripple, Chiliz, and more…
Many were shocked to find Mr Goxx was making a profit. His cryptocurrency trades were making enough money to boost him into the spotlight. Around 18,000 people followed him on Twitter and many tuned in every day to watch him live on Twitch. Mr Goxx was as successful as a digital currency trader.
A post on 24 November, from the official Twitter account for Mr Goxx, broke the news that the crypto enthusiast (and famous rodent) passed away from unknown issues. At the time of his death, Mr Goxx’s crypto portfolio was up 20% in profit. Calculations show that it had outperformed Warren Buffet’s investment company, Berkshire Hathaway.
The experiment with Mr Goxx was proven successful, showing that cryptocurrencies can indeed be more profitable than some of the top traditional investment companies, without even having a clue what to do.
While many speculate that the late hamster – and financial advisor – could have earned a lot more if he just held his tokens, the joy he brought many was worth it in the end. Mr Goxx leaves behind his net total profits of 98 Euros. May he rest in peace.