Dogecoin Founder Opposes 'Dark' Crypto Holders 'Diagnosis' From Study: Details

Billy Markus Criticizes Study Linking Cryptocurrency Investors to "Dark Traits"

Billy Markus, the co-creator of Dogecoin, recently expressed his disagreement with a study published by The Independent that claims individuals who invest in cryptocurrencies exhibit "dark tetrad" personality traits.

Study Claims Crypto Investors Have "Dark Tetrad" Traits

The study, conducted on 2,001 US adults, found that approximately 30% of respondents owned cryptocurrency. Researchers collected psychological and personality data from participants and concluded that crypto owners tend to possess "dark tetrad" traits, such as narcissism, Machiavellianism, psychopathy, and sadism.

Markus Refutes Study Findings

Markus strongly disputes the study's findings, arguing that: "I disagree and let me lengthily argue why I am right." He maintains that the study's methodology is flawed and that it has incorrectly conflated correlation with causation.

Study May Be Biased Against Elon Musk's X Platform

Markus also suggests that the study may be biased against Elon Musk's social media platform, X. He notes that X has gained popularity as a source of news, particularly within the cryptocurrency community.

Lack of Scientific rigor

The study has been criticized for its lack of scientific rigor. The sample size is relatively small, and the data collection methods may have introduced bias. Additionally, the study does not provide a clear explanation of the causal relationship between personality traits and cryptocurrency investment behavior.