The crypto world is never short on interesting stories; whether it be a major case of fraud, or the drive to revolutionize the financial industry, crypto has forever kept everyone on their toes. The latest edition to crypto’s interesting story repertoire is a crypto trading hamster.
Mr. Goxx: The Crypto Trading Hamster
Mr. Goxx, the crypto-trading hamster, is perhaps one of the most famous hamsters in the world. The rodent became so popular that even BBC, CNN, and NPR reported on him (and most human beings never make it to the newspaper – well, at least not while alive).
What Exactly Is Mr. Goxx?
To begin, Mr. Goxx’s name is a reference to the (late) Mt. Gox crypto exchange. Mt. Gox was once one of the largest crypto exchanges in the world before it tragically went bankrupt. The reason why the owners decided upon the “Mr. Goxx” name is that it acknowledged the risk involved in the early days of crypto.
Why, then, is Mr. Goxx famous? One of the major reasons why Mr. Goxx has become a household name, so to speak, in the crypto world is not simply because the idea of turning a rodent into an investor is humorous and entertaining, but that it actually worked. Mr. Goxx became so successful that he outperformed both Warren Buffett and the S&P 500. Yes, a mere hamster out-traded the world’s most famous investor himself and the top 500 listed companies in the US. Of course, it must be stated that Mr. Goxx is not investing nearly the amount of money that Warren Buffett would ever invest; it seems that Mr. Goxx always stays under 1,000 Euros.
The Goxx Box: How Exactly Does This All Work?
The BBC provides a perfect explanation. Next to Mr. Goxx’s regular cage, is his trading office – the Goxx Box. Within the trading office, there’s a basic hamster wheel (the “intention wheel”) that functions as the means for Mr. Goxx to “wheel” through various trading options. Once he has decided, there are two separate tunnels: one for buying, the other for selling. This is how the Mr. Goxx trading process works.
As is seen, Mr. Goxx’s office is rather unique, creative, and homemade. Naturally, the reason why the office is functional is that it consists of software scripting, microcontrollers, single-board computers, computer-aided design, 3D printing, laser-cutting, and more. Apparently, when technology and a hamster combine forces, they have quite the earning power.
Of course, this raises the question, how does everyone learn about this? The answer is this: when Mr. Goxx begins his workday, he automatically turns on a camera that records and streams the entire day on Twitch; his Twitter account, on the other hand, notifies his almost 18,000 followers that he is in office.
Goxx Capital originally referred to the imaginative investment firm of Mr. Goxx (the label can be seen within his workplace). However, Goxx Capital now refers to a website where people can purchase exclusive Mr. Goxx merchandise in order to support Mr. Goxx’s financial “show.”
Those Behind The Curtain
What is the story behind the Mr. Goxx phenomenon?
The project was started during the coronavirus pandemic by two men from Germany (the two men are anonymous). The BBC explains that the reason why the two men started the project was that everything in the world was becoming more expensive, and they saw the crypto market as an opportunity to fight against rising costs. And as the two men noticed that most people in the crypto market were not truly informed about the actual industry, they started “joking about whether my hamster [Mr. Goxx] would be able to make smarter investment decisions than we humans do.”
Of course, the two men often emphasize that Mr. Goxx is not to be viewed as a source of investment advice. They often write on Mr. Goxx Twitter account that he is a source of entertainment, nothing more.
Conclusion: The Hamster Crypto’s End
The world is indeed a strange place. No one would ever guess that a hamster could become a successful cryptocurrency trader. Unfortunately, all good stories come to an end. Back in November 2021, Mr. Goxx’s crypto journey came to an end when he tragically passed away.
However, eventually, the men behind Mr. Goxx found another hamster and started broadcasting once again. Nevertheless, there have been no more streams since June, and no news regarding why this is occurring.