“The Balance, ” a luxury rehabilitation center in Spain, which is a Switzerland-founded wellness center, has recently added services aimed at treating a relatively new kind of addiction — crypto trading.
It has been reported that while it has long treated addictions such as alcohol, drugs and behavioral health, it recently began offering services aimed at combatting crypto trading addiction, according to a report from the BBC. The February 5 report revealed that one of the center’s clients reached out so that he could “wean off crypto” after reportedly pouring in $200,000 worth of trades each week.
However, the treatment involves a four-week stay that involves therapy, massages and yoga. The bill can be upward of $75,000. In another part of the world, Castle Craig Hospital, a Scottish-based addiction rehabilitation clinic treating high-adrenaline crypto traders since 2018, has seen over 100 clients come in with “dangerous” cryptocurrency problems.
The report said that in Asia, Diamond Rehabilitation, a Thailand-based wellness center operating since 2019, has also added services dedicated to cryptocurrency addiction rehab and treatment. The organization said it approaches rehab through the use of Cognitive Behavioral Therapy (CBT), Motivational Interviewing (MI) and Psychodynamic Theory (PT), as part of its comprehensive, multi-stage approach to help traders overcome their addiction.
The euphoric highs and crushing lows of the fast-paced, 24/7 cryptocurrency trading arena have brought in real demand for rehabilitation centers to offer services for trading addicts. An article by Family Addiction Specialist estimates based on gambling disorder statistics that about 1% cryptocurrency traders will develop a severe pathological addiction, while 10% will experience other problems beyond that of a financial loss.
Thus, according to Family Addiction Specialist, symptoms of this addiction, include constantly checking the prices online — particularly in the middle of the night.
Source: Cointelegraph
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