Crypto Buyers Are Likely Psychopaths, According to New Study


Alex Dovbnya

A recently published survey painted a not-so-rosy picture of the average cryptocurrency buyer

A recent research published in Personality and Individual Differences, a peer-reviewed academic journal that covers diverse topics related to psychology, has found that people who buy cryptocurrencies tend to exhibit antisocial personality traits based on a survey of more than 500 people.

Specifically, the researchers focus on the so-called ‘dark tetrad’ personalities. The term, proposed by Canadian psychologists 20 years ago, refers to such evil traits as psychopathy, narcissism, Machiavellianism, and sadism.

The study says that Machiavellians, who often distrust the government, are drawn to cryptocurrencies. Last year, another study also found that people with the aforementioned socially aversive personality traits are also more likely to believe in conspiracy theories.

Overconfident cryptocurrency investors, who believe that cryptocurrencies are likely to go to the moon, provoke some of the worst signs of narcissism, including hubris, grandiosity and egocentricity.

The researchers also linked the fear of missing out with psychopathy. The reckless nature of psychopaths makes them more prone to taking big risks, which is why crypto investors often look for get-rich-quick schemes.

Cryptocurrency investors also take pleasure in watching other people take losses. This is a sign of everyday sadism, according to the unflattering research paper.

Dark tetrad investigations have been the subject of many flashy headlines over the past two decades. It’s worth noting that some critics dismiss them as: “too superficial” because they tend to use only a few criteria and tend to oversimplify personality traits. However, some psychologists defend the validity of dark tetrad studies, arguing that they must be too simple to be accessible to the general population.

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