The growing popularity of cryptocurrency investments has taken a new turn with this disturbing research evidence about crypto investors.
A new study has shown that the average crypto investor has psychopathic tendencies with little regard for those around them.
Researchers from the Queensland University of Technology did a survey of 556 participants who identified as ‘crypto investors’ and discovered that they showed signs of the ‘dark tetrad’, a psychological condition, reports India Times.
In psychology, ‘dark tetrad’ is someone who displays narcissism, Machiavellianism, and psychopathy.
According to 10 News, the lead researcher of the study and senior lecturer at the university Dr Di Wang said that digital currency fanatics share many concerning personality traits, making it easier for them to exploit people.
Dr Wang said: “Dark tetrad traits are ‘dark’ because of their ‘evil’ qualities: Extreme selfishness and taking advantage of others without empathy. The dark tetrad are also often related to risk-taking behaviours. To them, perhaps both the pleasure from seeing another’s pain and the fear of missing out are related to selfishness.”
Dr Wang also identified two prevalent reasons why cryptocurrency attracts users – the first is the ‘appeal’ of high-risk rewards, and the second reason being that crypto is not monitored by traditional lawmakers, and people with ‘dark tetrad’ personalities get pulled in because they distrust the government.
In his article that Wang published alongside Dr Brett Martin and Dr Jun Yao, they wrote: “We identified two main areas of appeal. First, the high risks and high potential returns of crypto trading make it attractive to the kind of people who like gambling.”
Last year, another study published in Personality and Individual Differences revealed those who fit in the ‘dark tetrad’ personality are more likely to believe in conspiracy theories. A doctoral candidate in the department of psychology at the University of Oregon Cameron Kay said that those who display antisocial behaviours are likely to score high in these traits, and will trust conspiracy theories.
“They are prone to odd beliefs. They don’t feel like they are in control of their lives. They are robbed of their agency and have an innate distrust of other people and organisations like the government,” said Kay.
“The long-term goal is to come up with ways to decrease conspiracist ideation among people with these personality traits,” he said.