Do bitcoin traders have traits of psychopaths? That says a study, but be careful

Key facts:
  • Psychopaths, Machiavellians, narcissists, and sadists may be attracted to cryptocurrencies.

  • Some of its traits can be positive for investing in cryptocurrencies.

Researchers studied whether people interested in bitcoin (BTC), or other cryptocurrencies, have psychopathic, Machiavellian, narcissistic, and sadistic personality traits. The result was that the majority of the 566 online respondents who showed interest in this type of investment (90%) do show these characteristics, which has generated controversy in the ecosystem.

Marketing specialists Di Wang, Brett Martin and Jun Yao, who were in charge of the study, they emphasized that not everyone interested in cryptocurrencies have a psychopathic, Machiavellian, narcissistic and sadistic attitude. But they noted that measuring them through the psychological lens of these mental disorders offers insight into why they want to buy these assets.

This decision seems somewhat biased and careless to analyze the behavior of people who do not have a mental disorder. Although the truth is that those who possess these traits do not necessarily have mental problems.

Minna Lyons, the research doctor at the University of Liverpool’s school of psychology, explained that these traits, known as “the dark tetrad,” are part of normal daily behavior for humans. He even argues that in certain circumstances they can be beneficial. They are only problematic if they interfere with the self-control and harm other people and themselves, he explained.

Bitcoin enthusiasts can have traits of being Machiavellian, narcissistic, sadistic, and psychopathic, according to Di Wang, Brett Martin, and Jun Yao. Font: Pexels.

Bitcoin Traders Don’t Have Mental Disorders, But They Do Possess Dark Tetrad Traits

Considering Lyons’ clarification, bitcoin and other cryptocurrency traders may have traits psychopathic, Machiavellian, narcissistic or sadistic because they are normal characteristics of the personality of the human being. Of course, as long as they don’t affect his life or the lives of others. Therefore, it is vital not to confuse this with health problems.

In fact, CriptoNoticias has reported that Andrés Urquiola, the CEO of the firm Val-U, commented that it is necessary to being “half psycho” to trade bitcoin. The reason she said this is because it requires emotional control to trade this asset, which is highly risky due to its price fluctuations. A characteristic that is seen as a strength, not a negative in this case and does not mean that you have a disorder.

It is worth mentioning that the world of cryptocurrencies is not an isolated case of people with traits of the dark tetrad. It is possible to find people like this in different fields. In fact, the psychiatrist Lola Morón esteem that this can be seen in executives, politicians and people who hold positions of high responsibility.

It was also validated by the professor robert hare, an expert in psychopathy at the University of British Columbia. This is because they have the ability to withstand pressured environments without being carried away by emotions, as well as an interest in achieving power, prestige and money. Something that also identifies traditional investment traders, such as the stock market, according to the Carnegie Mellon University.


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Despite this, categorizing that someone has “psychopathic traits” for being encouraged to make risky investments, or knowing how to manage their emotions in stressful situations, can be quite inappropriate and even offensive. In addition, it could generate confusion and misinterpretations, leading to an opinion matrix that affects an entire community and even demonizes cryptocurrency owners.

Bitcoin analyst Will Clemente said publicly than to relate the character of the dark tetrad to the cryptocurrency traders seems to be FUD, which means to smear the industry by instilling fear, uncertainty and doubt. That’s why, it is convenient be careful with the use of mental disorder terms to describe characteristics of peoplebeyond that they have similarity in certain aspects.

Disclaimer: The views and opinions expressed in this article belong to its author and do not necessarily reflect those of CriptoNoticias.

Do bitcoin traders have traits of psychopaths? That says a study, but be careful