Study Shows Crypto Investors Associated with ‘Dark’ Traits and Conspiracy Beliefs
Recent research indicates that owning cryptocurrency may correlate with personality traits commonly referred to as “dark,” such as narcissism, Machiavellianism, psychopathy, and sadism. Conducted by academics Shane Littrell, Casey Klofstad, and Joseph E. Uscinski, the study also suggests a connection between crypto investment and specific demographic characteristics.
The study, approved by the University of Miami, surveyed over 2,000 American adults to explore the landscape of crypto ownership. Approximately one-third of respondents admitted to either currently owning or having previously owned cryptocurrency.
Key findings from the research reveal that crypto investors, predominantly male, are often drawn to alternative social media platforms and harbor conspiracy beliefs. Many of them perceive societal systems as unjustly treating them. They tend to have slightly higher incomes and express a sense of being disadvantaged in life. These investors distrust traditional news outlets, preferring platforms like Telegram, YouTube, Reddit, Twitter, and blogs for political and social news.
Moreover, the study uncovered that crypto investors frequently engage in contentious debates and resist centralized control. They value open dialogue and autonomy in decision-making.
Contrary to traditional political alignments, these findings indicate that crypto owners defy simple categorizations of left or right ideologies. This nuanced view challenges previous assumptions linking cryptocurrencies solely with far-right affiliations.
The study also hinted at potential negative associations of crypto ownership, such as tendencies towards problem gambling, although links to other negative behaviors like impulsiveness and paranoia remain unclear.
In conclusion, the research suggests a complex landscape of crypto investors, reflecting broader global trends of anti-establishment attitudes and unconventional behaviors. It points towards avenues for further investigation into the diverse motivations and behaviors of individuals involved in cryptocurrency markets.