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BTC study: Investors are said to be psychopaths

by Margharet Tess
April 14, 2022
in Cryptheory News
Reading Time: 2 mins read

 

The study was first picked up by the British tabloid The Sun. However, the post only really went viral after it was published in the old venerable New York Post has been published.

The team of experts from Queensland University of Technology wanted to examine the personality traits of crypto fans first. According to the experts, the average BTC investor is a “calculating psychopath with an inflated ego.” In addition, signs of narcissism, Machiavellianism, psychopathy and sadism were discovered. BTC fans are also characterized by an “inflated sense of self-importance” and a lack of empathy. The characteristics mentioned correlate strongly with risk-taking behavior.

The crypto study in detail

Opposite to The Conversation emphasizes the lead author of the study, Dr. Di Wang said the traits are primarily due to “because they distrust politicians and government agencies.” To which the academic adds: “Many crypto advocates believe that governments are corrupt, and crypto shuns government corruption.”

The said sadism is also closely linked to the thrill that an investment in BTC brings with it. For this it says:

For Bitcoin-Fans perhaps both the pleasure of seeing another’s pain and the fear of missing out are associated with selfishness.

dr Di Wang, source: The Conversation

However, it only gets bizarre at the end of the article, which raises serious doubts about the validity of the study. The director of studies states:

We only studied a subset of people who are interested in cryptocurrencies and have these traits. (…) If you own BTC or other cryptocurrencies, you may or may not have these properties.

dr Di Wang, source: NY Post

BTC study: Investors are said to be psychopaths

The reaction of the Laser Eyes community was not long in coming. Commenting on the article, BTC evangelist Anthony Pompliano said:

LMAO "science" pic.twitter.com/s29nsyUsyh

— Anthony Pompliano 🌪 (@APompliano) April 12, 2022

BTC advocate Dennis Porter reacted somewhat more humorously to the post. He wrote: “Someone definitely sold at a loss.”

Someone definitely sold at a loss.

— Dennis Porter (@Dennis_Porter_) April 12, 2022

Which cryptocurrencies have the highest return on investment in staking?

  • Author
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Margharet Tess
Margharet Tess
Editor, Developer at Cryptheory Labs
I have been active in the cryptocurrency world for over 6 years, during which I have written countless articles about this sector. What fascinates me most about cryptocurrencies is their technological aspect and the problems they aim to solve. In the past three years, I have ventured into app development and am currently working on a larger project called P2E Buzzer. Stay tuned for the surprise. 🙂 My previous experiences: Business2Community.com, TradingPlatforms.com
Margharet Tess
Latest posts by Margharet Tess (see all)
  • Bitcoin’s Ready to Blow… Upwards? - July 3, 2025
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  • Ethereum’s Not Dead Yet: On-Chain Data Screams Rebound & Trading Tips - June 27, 2025
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