A recent study has found a strong connection between owning cryptocurrency and possessing certain “dark tetrad” personality traits. These traits include narcissism, Machiavellianism, psychopathy, and sadism.

The study surveyed 2,001 American adults to find out if they currently or previously owned cryptocurrency. About 30 percent of respondents indicated that they had. The researchers then collected demographic information and asked questions designed to reveal political, psychological, and social characteristics.

Analyzing this data, the researchers identified key predictors of cryptocurrency ownership. One significant finding was that individuals with dark tetrad traits were more likely to invest in digital currencies. The dark tetrad expands upon the “dark triad” concept, which includes narcissism, Machiavellianism, and psychopathy, by adding sadism. This framework was first introduced in the early 2000s, and people exhibiting these behaviors are often seen as disruptive in workplaces, more prone to criminal activities, and causing various social issues.

In addition to personality traits, the study revealed other important factors associated with cryptocurrency ownership. For instance, men were more likely to own digital currencies. Additionally, those who relied on fringe social media sources for news, believed in conspiracy theories, and felt victimized were more inclined towards investing in cryptocurrencies. Higher income and a tendency to engage in arguments were also notable predictors.

The researchers acknowledged the study’s limitations, including the relatively small sample size and the reliance on participants self-reporting their characteristics. Despite these limitations, the study demonstrated a significant correlation between certain personality traits and behaviors and the likelihood of owning cryptocurrency. The researchers suggested that these findings could pave the way for further investigation into the factors that draw individuals to digital currencies.

In summary, this study highlights a notable link between owning cryptocurrency and having dark tetrad personality traits. Men who consume news from fringe social media, believe in conspiracies, and feel victimized are particularly more inclined towards digital currencies. While the research has its limitations, it opens up avenues for future studies to delve deeper into what drives people towards investing in cryptocurrencies.