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Gender and personality traits influence cryptocurrency investment decisions

Published by
PsyPost

A study in Norway has found that less than 1 in 10 Norwegians are willing to invest in cryptocurrencies. However, the likelihood of investing is more than double in men compared to women. Additionally, those open to investing in cryptocurrency tend to exhibit lower levels of agreeableness and conscientiousness, but higher levels of openness to experience and financial overconfidence. The study was published in Psychology & Marketing. Cryptocurrencies, also known as crypto, are digital or virtual currencies secured by cryptography. These currencies are decentralized and operate on blockchain te…

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