Since the invention of Bitcoin in 2009, the global cryptocurrency market has grown from zero to around US$2 trillion. Bitcoin, which was $1 in 2011, broke above its all-time high of $63,000 in April 2021. And it’s currently hovering around $42,000.
Cryptocurrency prices fluctuate widely, making them a highly speculative investment vehicle. So what kind of people are willing to take risks, and what motivates them towards cryptocurrencies?
A study revealed that people with characters called the “dark four” in psychology are the people most interested in cryptocurrencies. This quartet is known as opportunism, narcissism, psychopathy and sadism. They’re called “dark” because they’re extremely selfish and prevent you from empathizing with other people. In addition to these, people in this group also like to take risks.
The high risk and promise of high rewards of cryptocurrencies also attract the attention of individuals who like to gamble. It is also interesting that they are not supported and controlled by any government or authority.
For individuals wondering if they have such traits, the researchers have also developed an online test. It is possible to take the test here and test yourself.