A Cryptocurrency-Trading Hamster Beats Warren Buffett's Performance - and the S&P 500

"What if we told you there was a hamster who has been trading cryptocurrencies since Juneand recently was doing better than Warren Buffett and the S&P 500'" asks NPR: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 cryptocurrencies. Then, deciding between two tunnels, he chooses whether to buy or sell. According to the Twitch account for the hamster, his decision is sent over to a real trading platformand yes, real money is involved. Last Monday, after 100 days the hamster's portfolio was up 48%, reports one site, "before Bitcoin tumbled, which brought the rest of the crypto market down with it." But the hamster's portfolio is still up nearly 30% since he started trading in June, the article points out, "outperforming Bitcoin, the S&P 500, and even Warren Buffett's Berkshire Hathaway." The hamster's business partner adds that profits aren't yet enough to cover the initial investment on Mr. Goxx's cage. And there's other issues... "Since Mr. Goxx is an honorable business rodent, he must calculate with about 35% tax being subtracted on all his returns, so there is still some work left before he can really talk about making money."Read more of this story at Slashdot.
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