DOGE Creator Billy Markus Slams Study Discriminating Crypto Investors Based on \'Dark Tetrad\' Personalities

Billy Markus, who created the original meme cryptocurrency Dogecoin in collaboration with Jackson Palmer in 2013, has taken to his account on the X platform to criticize a study made on cryptocurrency holders recently and then reported by the Independent.

Billy Markus, the creator of Dogecoin, has criticized a recent study that claims cryptocurrency investors tend to have “dark traits” of personality, terming it an attempt to “discriminate” against X platform and crypto.

This study, conducted by researchers from the University of California, Berkeley, and the University of Pennsylvania, and then reported by the Independent, claims that those who invest in cryptocurrency assets are inclined to have “dark traits” of personality, the “dark tetrad” in particular.

However, Dogecoin founder Markus took to his account on the X platform to voice his strong disagreement with that opinion:

“This is a feeble attempt to discriminate against X platform and crypto simultaneously in the eyes of American public. I disagree and let me lengthily argue why I am right.”

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

DOGE creator slams study discriminating crypto investors

The article in the Independent reports on a study carried out on 2,001 adults in the United States, who were asked whether they own any cryptocurrency or not. It turned out that around 30% of these adults admitted to owning crypto.

Together with the question about owning crypto, the researchers also collected some other information about them, including their psychological, political and other traits of personality. Based on that data, the researchers tried to decide on characteristics that could best predict whether someone had bought cryptocurrency assets.

This study suggested that crypto owners from these respondents are likely to have “dark tetrad” personality traits. In particular, they rely on “fringe social media sources,” “believe in conspiracy theories” and “feel victimized.” They summarized it as traits aligned with “the dark tetrad,” i.e., narcissism, Machiavellianism, psychopathy and sadism.

However, the Independent claims that the strongest predictor of whether a person owns crypto proved to be whether they rely on “fringe social media sources” to find out the latest news.

Point about relying on fringe social media for news seems to be especially interesting here. After Elon Musk's takeover of Twitter for $44 billion and rebranding it as X, this social media platform has been fighting for its users' right to defend free speech on X.

Data shared by Elon Musk recently shows that X has been rapidly gaining new users and becoming a more reliable source of news compared to conventional media (with the latter sharply losing traffic compared to X). Taking into account that X is also a platform very popular with the crypto community, the above-mentioned article and the study on which it is based looks like an attempt to discriminate X and crypto simultaneously in the eyes of American public.

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