Dogecoin Co-Founder Disputes Dark Traits Study on Crypto Holders

• Study links crypto holders to dark personality traits; Markus disagrees.
• DOGE price shows mixed performance; potential for future gains.

In a recent tweet, Billy Markus, co-founder of Dogecoin (DOGE), criticized a study that claims cryptocurrency investors have certain “dark traits” of personality, notably the “dark tetrad.” The cryptocurrency community has been very divided over this study, which the Independent reported on.

The Study’s Controversial Claims

The study polled 2,001 people in the United States and asked if they held any cryptocurrencies. About 30% of respondents admitted to possessing cryptocurrency assets.

i disagree and let me lengthily argue why i am right pic.twitter.com/9kHGLZQqf4

— Shibetoshi Nakamoto (@BillyM2k) July 5, 2024

The researchers also gathered information on psychological, political, and other personality characteristics. They sought to uncover features that could best indicate if someone had purchased cryptocurrency.

The findings revealed that cryptocurrency owners are more likely to exhibit “dark tetrad” qualities such as narcissism, Machiavellianism, psychopathy, and sadism. Furthermore, the survey found that cryptocurrency users frequently use “fringe social media sources,” believe in conspiracy theories, and feel persecuted.

Despite these claims, the most powerful predictor of cryptocurrency ownership was discovered to be a dependence on fringe social media for the most recent information.

Markus disagreed with the study’s conclusions, adding, “I disagree and let me lengthily argue why I am right.” His criticism shows the persistent conflict between the perceptions of bitcoin fans and standard psychological assessments.

Meanwhile, Billy Markus used a sad emoji in another tweet to reflect his sadness over the current dip in the crypto market. This reply represents the overall sentiment of the cryptocurrency community in the first week of July.

Current DOGE Market Data

On the other hand, according to CoinMarketCap, the price of Dogecoin (DOGE) is currently around $0.1101, representing a 3.88% increase over the last 24 hours. However, the price has remained bearish during the last seven days, falling 8.73%.

Previously, CNF reported an analysis by a notable analyst, Kaleo, who anticipated that DOGE’s price may reach $2. This upbeat forecast gives DOGE investors some hope amidst the present market turbulence.