More On: Bitcoin
A study published in Personality and Individual Differences claims to have discovered a link between psychopathy and narcissism and cryptocurrency trading.
A study titled "Dark personalities and Bitcoin®: The influence of the Dark Tetrad on cryptocurrency attitude and purchasing intention" will make millions of cryptocurrency detractors feel vindicated.
It claims to find a link between crypto investments and "Dark Tetrad" characteristics such as:
- Machiavellianism (doing anything to achieve your goals, basically)
- Subclinical narcissism
- Subclinical psychopathy
- Subclinical sadism
The study emphasizes that it is "not implying that all crypto buyers exhibit Dark Tetrad features," despite the fact that these qualities are associated to risk-taking behaviors, which crypto investors are all too aware with.
It investigated numerous reasons why people acquire cryptocurrency, including skepticism of authority, optimism, and the fear of missing out. The study discovered that narcissism was connected with a positive crypto attitude, which was mediated by positivity.
Furthermore, conspiracy views (government distrust is classified as a conspiracy belief in the study) impacted purchasing intention, which was linked to Machiavellianism. In other words, the less you trust the government, the more likely you are to purchase cryptocurrency.
Finally, the study discovered that psychopathy influenced judgments via FOMO, which is associated with sadism – the more FOMO you have, the more likely you are to be a sadist.
Are Really All Bitcoiners Psychopaths?
Though cryptocurrency detractors would be ready to declare, "I TOLD YOU SO," research lead author Dr. Di Wang cautioned against leaping to conclusions:
"We only analyzed a subgroup of crypto enthusiasts that possessed these characteristics."
While it is difficult to deny that there is some government distrust among crypto bulls, the survey can hardly be termed representative, especially given that its methodologies may not meet best scientific principles.
Crypto Twitter reacted similarly, using the Queensland University essay as an opportunity to poke fun at those who continue to dismiss crypto.
While the study may or may not have been conducted with the purpose of discrediting crypto investors, it demonstrates that there is still widespread skepticism about new technology. Cryptocurrency investors are going to have a long road before they are no longer classified as "psychopaths" or "destructive to the environment."
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