Elon Musk praises crypto-trading hamster for beating S&P 500, Berkshire Hathaway and ARK Invest

Wed 29 Sep 2021 ▪ 12h15 ▪ 3 min read — by Hugh Renolds

No wonder Musk turned his attention to this project. It brought together cute animals and cryptocurrencies – two of Musk’s favourite things.

Genius, billionaire, engineer, one of Time magazine’s 100 most influential people of the year and the world’s most famous crypto dog aficionado Elon Musk has switched to hamsters. The head of Tesla and SpaceX turned his attention to the famous Twitch hamster trader Mr Goxx and praised him for outperforming S&P 500, Warren Buffett’s Berkshire Hathaway and Katie Wood’s ARK Invest!

“Hamster has mad skillz!!”, Musk said on his Twitter, commenting on a post dedicated to Mr Goxx.

As you may recall, Mr Goxx is a crypto-trading hamster living in a special cage built by its owner, which the pet uses to make trades in various digital assets. In it, the hamster chooses a specific cryptocurrency and trades it, while also streaming live on Twitch and posting updates on Twitter and Reddit.

Named after the now-defunct cryptocurrency exchange Mt. Gox, the pet has made headlines around the world, with returns on the investments it has made surpassing those of S&P 500, Warren Buffett’s Berkshire Hathaway and Katie Wood’s ARK Invest, which focuses on “disruptive innovation”!

Dogecoin (DOGE) is considered one of Mr Goxx’ most successful investments. The hamster bought the meme coin in July and sold it for a 46% profit in September.

The real identity of the man who looks after the hamster remains unknown. However, just recently, he lamented that his pet’s current successes were still not enough to cover the cost of equipping his pet’s “cage office”.

It is likely that the hardware funding problem for the popular crypto hamster will now be solved, and the “Musk effect” itself will cause a series of new meme coins dedicated to the furry trader to be launched in the coming days.

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Hugh Renolds

I believe in the bright future of crypto. I have been investing since 2017 and look to share my experience in, and thoughts on, crypto and the blockchain.


The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

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