Crypto-trading addiction is now being treated at hospitals
A Scottish addiction treatment center, Castle Craig Hospital just launched a focused program to treat obsession with buying and selling cryptocurrencies. In its guide, the hospital website has categorized this obsessive behavior as any other online addiction and offers long term therapeutic treatments for this.
It has been almost ten years since cryptocurrency appeared for the first time. Cryptocurrencies have slowly paved its way into the community of cryptocurrency enthusiasts and by now, there is massive number of crypto traders and blockchain fanatics. According to estimates, around 13 million people engage in buying and selling of bitcoin all over the world.
Castle Craig Hospital offers wide ranging programs including treatment of drug addiction, alcoholism and other drug addictions. This hospital is now offering cryptocurrency addiction program as according to the hospital authorities, these trading habits are problematic.
The site states, “Cryptocurrency addiction is a behavioral addiction, similar to gambling addiction, and disrupts or damages personal, family relationships and recreational pursuits”
According to the hospital, this addiction is more prevalent in young men. This behavior can put the individuals to a potential threat of bankruptcy. The treatment suggested by the hospital is cognitive behavioral therapy or a 12-step program. A former gambling and cocaine addict, Tony Marini will lead some of the treatments. He says,
“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.”