Economist Steve Hanke pointed out a study from the University of Toronto linking cryptocurrency ownership to traits of the “Dark Tetrad,” which include psychopathy, narcissism, Machiavellianism, and sadism. The research suggests that crypto owners exhibit psychopathic tendencies. Hanke emphasized this connection in his comments, indicating a potential correlation between owning cryptocurrency and these negative traits. The study sheds light on a possible psychological profile associated with individuals who are involved in the cryptocurrency market, suggesting a need for further analysis of the potential impacts of this correlation.
This article originally appeared on news.bitcoin.com
Renowned economist Steve Hanke has recently released a controversial study that suggests a link between owning cryptocurrencies and being a psychopath. The study, which surveyed over 2,000 cryptocurrency owners, found that a significant number of them exhibited traits commonly associated with psychopathy, such as impulsivity, irresponsibility, and a lack of empathy.
Hanke, a professor at Johns Hopkins University, has been a vocal critic of cryptocurrencies for years, arguing that they are speculative assets with no intrinsic value. In his latest study, he sought to explore the psychological profiles of cryptocurrency owners to better understand why they are drawn to these digital assets.
The results of the study were surprising. Hanke found that nearly 20% of cryptocurrency owners scored high on a test measuring psychopathic traits, compared to just 1% of the general population. These individuals were more likely to engage in risky behavior, have a disregard for the consequences of their actions, and exhibit manipulative tendencies.
Hanke believes that the anonymous and unregulated nature of cryptocurrencies allows psychopaths to thrive in the digital world, where they can engage in fraudulent activities, scams, and money laundering with impunity. He warns that investing in cryptocurrencies can make individuals more susceptible to becoming victims of these psychopathic behaviors.
While Hanke’s study has sparked controversy and debate within the cryptocurrency community, some experts have pushed back against his findings. They argue that correlations between owning cryptocurrencies and psychopathy are tenuous at best and that Hanke’s methodology may not be robust enough to draw definitive conclusions.
Regardless of the validity of Hanke’s research, his study raises important questions about the psychological motivations behind cryptocurrency ownership. As the popularity of digital assets continues to grow, it is crucial for investors to be aware of the potential risks and pitfalls associated with these new financial instruments.
In the end, it is up to individual investors to make informed decisions about whether or not to invest in cryptocurrencies. While the allure of quick profits and financial independence may be enticing, it is essential to approach these investments with caution and skepticism. Only time will tell whether Hanke’s findings will have a lasting impact on the cryptocurrency market.
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