Study Finds Crypto Owners More Likely to Exhibit Dark Personality Traits

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by Giorgi Kostiuk

2 years ago

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  1. Dark Traits Among Crypto Owners
  2. Mindset of Bitcoin Holders
  3. Social and Economic Characteristics of Crypto Owners


    4. Recent research conducted by scientists from the University of Toronto and the University of Miami reveals that cryptocurrency owners are more prone to exhibiting 'dark tetrad' traits compared to the average individual.

    Dark Traits Among Crypto Owners

    Published on July 3, the study included a survey of 2001 American adults in 2022. About 30% of respondents owned cryptocurrency. This group was more likely to believe in conspiracy theories and displayed traits such as narcissism, Machiavellianism, psychopathy, and sadism.

    'The variables that most strongly predict cryptocurrency ownership are being male, relying on alternative/fringe social media as one’s primary news source, argumentativeness, and an aversion to authoritarianism,' the researchers added.None

    Mindset of Bitcoin Holders

    The study went largely unnoticed until Johns Hopkins Economics Professor Steve Hanke shared it online. He stated that cryptocurrency holders display lower levels of analytical and scientific thinking and are more likely to exhibit psychopathy. Similar findings were made by scientists at Queensland University of Technology in 2022.

    'Crypto holders display lower levels of analytic and scientific thinking and are likelier to exhibit psychopathy.'Steve Hanke

    Social and Economic Characteristics of Crypto Owners

    Other personality traits identified among Bitcoin holders include a ‘need for chaos,’ dogmatism, victimhood mentality, and psychological reactance. They also value goals related to independent success and achievement rather than communal goals directed at helping others. However, crypto owners were found to be more educated, have higher incomes, and are more religious than those who have never owned cryptocurrency.

    'Cryptocurrency owners are largely more educated, have a higher income, and are more religious than those who have never owned cryptocurrency.'None

    The study adds a new layer of understanding to the psychological and social traits of cryptocurrency owners. While negative traits such as a belief in conspiracy theories and psychopathy were identified, positive aspects were also noted, including higher levels of education and income.

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