Yuri Molchan
Billy Markus strongly disagrees with recent psychological studies that give cryptocurrency investors a bad name.
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Billy Markus, who created the original meme cryptocurrency Dogecoin with Jackson Palmer in 2013, took to his X-Platform account to criticize a recent survey of cryptocurrency holders, after which: Independent.
The study claims that people who invest in crypto assets tend to have “dark traits” of personality, specifically the “dark tetrad.” The Dogecoin founder strongly disagrees, saying, “I disagree. Let me argue at length why I’m right.”
DOGE Founder Slams Study that Discriminates Against Crypto Investors
The Independent article talks about a survey that asked 2,001 adults living in the U.S. if they owned any cryptocurrency. Around 30% of these adults admitted to owning cryptocurrency.
In addition to questions about cryptocurrency ownership, the researchers also collected other information, such as psychological, political and other personality traits. Based on that data, the researchers sought to identify which traits would best predict whether or not someone purchased cryptocurrency assets.
The survey suggested that among these respondents, cryptocurrency holders were more likely to have the “Dark Tetrad” personality traits, specifically, “relying on extreme sources of information on social media,” “believing in conspiracy theories,” and “having a victim mentality,” which they grouped together as traits aligned with the “Dark Tetrad”: narcissism, Machiavellianism, psychopathy, and sadism.
However, The Independent claims that the strongest predictor of whether someone owns cryptocurrency was found to be whether they relied on “non-mainstream social media sources” to stay up to date on the latest news.
A sneaky attempt to insult Elon Musk’s X?
What’s particularly interesting here is the “relying on extreme sources on social media for news” bit. The problem is, ever since Elon Musk bought Twitter for $44 billion and rebranded it to X, the social media platform has been fighting for its users’ rights to defend free speech on X.
According to data recently released by Elon Musk, X is rapidly gaining new users and becoming a more reliable news source compared to traditional media (which are losing significant traffic compared to X). Considering that X is also a very popular platform in the cryptocurrency community, the above article and the resulting investigation appear to be an attempt to simultaneously discriminate between X and cryptocurrencies in the eyes of the American public.
About the Author
Yuri Molchan
Yuri is interested in technology and innovation. He has been writing about DLT and cryptocurrencies since 2017. He believes that blockchain and cryptocurrencies have the potential to change the world in many ways in the future. He has written articles for multiple cryptocurrency media outlets. His articles have been cited by cryptocurrency influencers such as Tyler Winklevoss, John McAfee, CZ Binance, and Max Keiser.
