Addiction comes in many forms, and depending on your personality, you might be addicted to something yourself. In addition to the more common addictions, such as alcohol and cigarettes, people can get addicted to food, gambling, sex, adrenaline rushes, candy, and many more things – including cryptocurrency.
Given the amounts of money being invested in cryptocurrencies and blockchain projects, it is no wonder that many investors are sitting on the edge of their chairs and biting their fingernails. With the volatility of the market, what seemed like a good investment yesterday could turn out to be disastrous today. Watching the movements on the cryptocurrency market can certainly become addictive, especially if the stakes are really high.
First rehab center opens in Scotland
Castle Craig Hospital in Peeblesshire is the first institution offering rehabilitation programs for people addicted to cryptocurrencies. The program is not dissimilar to programs for gambling addicts. The addiction to cryptocurrency is related to behavioral addiction, and people can be weaned off the addiction in much the same way as gambling addicts learn to cope with their addiction.
The West Linton facility, which is the part of the hospital where the rehabilitation program is offered, already has extensive experience with rehabilitating addicts. They have in the past helped treat drug and alcohol addicts with great success. In addition, they have also worked with gambling addicts and helped them regain control over their lives.
The exact number of addicts is unknown
The institution has said there are no official figures to show exactly how many people are addicted to cryptocurrency. However, they do point out that with over 13 million people trading in cryptocurrency worldwide, there is bound to be a substantial minority who cannot get enough of their coins and tokens.
The staff at the hospital dealing with the new cryptocurrency rehabilitation programme will be led by a former gambling and cocaine addict, Tony Marini. Another member of the staff, Chris Burn, is a gambling therapist at Castle Craig Hospital. He was quoted as saying of the program:
The high risk, fluctuating cryptocurrency market appeals to the problem gambler. It provides excitement and an escape from reality. Bitcoin, for example, has been heavily traded and huge gains and losses were made. It’s a classic bubble situation.
There are many similarities
Burn points to the fact that there are many similarities between cryptocurrency addiction and other, more common, addictions:
Having been through it myself, my experience of addiction gives me insight and empathy towards others who have the same problem,” therapist Mr. Marini said. I see cryptocurrency trading as a way for people to escape from themselves, into another world, because they don’t like the world they’re in. The first stage of treatment is to join other addicts in group therapy and share their life stories. This helps them identify with each other and realize that they’re not alone.
What do you think of the new rehabilitation program? Have you experienced cryptocurrency addiction yourself, or do you know anyone who has? Do you think we will see more rehabilitation centers specialize in cryptocurrency addiction?
Leave your comments in the section below.