NAIROBI (CoinChapter.com)— Since Bitcoin’s 2009 inception, the cryptocurrency market has surged to around $2 trillion. Bitcoin itself rose from $1 in 2011 to over $73,000 in early 2024, now settling at around $59,000.
The rapid growth was bound to draw attention to the market and the types of people investing in it. Recent research suggests that crypto users may harbor dark personality traits.
Dark Tetrad Traits Linked to Crypto Users
The study surveyed 2,001 American adults in 2022, finding that about 30% had engaged in cryptocurrency. These individuals, mainly younger males with higher education and income, showed strong correlations with the “Dark Tetrad” traits—narcissism, Machiavellianism, psychopathy, and sadism.
Additionally, crypto users are also more prone to paranoid beliefs, often distrusting traditional financial systems. This distrust fuels their reliance on fringe platforms like Telegram and Reddit, reinforcing anti-establishment attitudes common in the crypto community.
Religious and Paranoid Tendencies Among Crypto Owners
The study found that cryptocurrency owners are more religious than the general population. Their strong religious faith and paranoia influence their decision to invest in digital assets. For these individuals, it’s not just about making money—they’re motivated by a deep distrust of traditional financial systems and a desire for greater autonomy.
Politically, crypto users defy easy categorization. The study uncovered correlations between crypto ownership and support for figures across the political spectrum, from Bernie Sanders to Donald Trump. This eclectic mix of allegiances suggests that, for many, the appeal of cryptocurrency extends beyond profit—it is a rebellion against the status quo, fueled by a unique blend of distrust, self-interest, and ideological fervor.
Implications for the Future of Cryptocurrency
The psychological traits of crypto users have direct implications for the future of cryptocurrency. As highlighted in the report, the growing crypto community, characterized by paranoia, narcissism, and distrust of authority, may face challenges, particularly in regulatory compliance.
Therefore, understanding these traits is crucial for investors and policymakers. The report further suggests that crypto users’ behaviors will likely influence how cryptocurrency integrates with traditional financial systems.
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