A recent study suggests that individuals who own cryptocurrency are more likely to exhibit “dark tetrad” personality traits, according to findings published in the journal PLOS ONE. The research, conducted by polling 2,001 American adults, explored correlations between cryptocurrency ownership and various demographic, psychological, and social factors.
Among the surveyed participants, approximately 30 percent reported owning or having owned cryptocurrency. The study delved into their political affiliations, psychological profiles, and media consumption habits to identify predictors of cryptocurrency ownership.
Key findings indicated that cryptocurrency owners tended to display traits associated with the dark tetrad: narcissism, Machiavellianism, psychopathy, and sadism. This expanded psychological framework, building upon the well-known dark triad theory, suggests that these traits may influence financial behaviors and decision-making.
Moreover, the study highlighted that reliance on fringe social media sources for news was a significant predictor of cryptocurrency ownership. Other notable characteristics linked to ownership included male gender, argumentativeness, higher income levels, and feelings of victimization.
Researchers acknowledged limitations such as the relatively small sample size and self-reported data from participants. Despite these constraints, the study’s findings underscored strong correlations between certain psychological and social traits and cryptocurrency ownership. This correlation prompts further inquiry into the motivations and behaviors driving individuals towards digital currencies.
The study, titled ‘The political, psychological, and social correlates of cryptocurrency ownership,’ underscores the growing interest in understanding the socio-psychological dynamics of cryptocurrency adoption.
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