Crypto Owners Tied to Risk-Seeking Traits (Study)

A recent study conducted by academicians suggests that the possession of cryptocurrency may be associated with “dark” personality traits, including narcissism, Machiavellianism, psychopathy, and sadism.

Shane Littrell, Casey Klofstad, and Joseph E. Uscinski’s research also indicated a correlation between crypto investment and specific demographics.

The study, which researchers with political science credentials conducted, discovered that investors in this region are predominantly male and are attracted to alternative social media platforms. Additionally, they may harbor conspiracy theories and perceive that the system has failed to accommodate them adequately.

Study Links Crypto Ownership Traits With Social Distrust

The University of Miami-approved research conducted a survey of more than 2,000 American adults to gain insight into the ownership of cryptocurrency. Approximately one-third of the respondents acknowledged that they presently possess or have previously owned cryptocurrency.

To identify the factors influencing cryptocurrency investment, researchers examined demographics, political views, personality traits, and social media routines.

It delved further, revealing that these investors frequently have slightly higher incomes. They are united in believing that they have been dealt a poor hand in life and harbor skepticism toward conventional news sources. Instead, they depend on Reddit, Twitter, Telegram, YouTube, and blogs to gather information about social issues, current events, and politics.

Additionally, it disclosed that these investors frequently participate in contentious debates and harbor reservations regarding centralized authority. They prioritize frank discourse and are opposed to being directed in their actions.

Crypto Investors Don’t Fit Left-Right Mold

These results indicate numerous potential avenues for future research on the individuals who purchase and trade cryptocurrencies, indicative of broader global trends in unconventional behaviors and anti-establishment attitudes.

Additionally, the research underscored that behaviors such as problem wagering have been associated with crypto ownership. Nevertheless, its correlations with other potentially detrimental traits, including paranoia, impulsivity, and various forms of aggression, remain unknown at present.

The study established a correlation between cryptocurrency ownership and a greater likelihood of supporting extremist groups and aligning with populist ideologies.

Furthermore, crypto proprietors demonstrated a variety of political identities that defy simplistic left-right categories. This discovery challenges the preconceived notion that cryptocurrencies are exclusively associated with far-right beliefs.