There’s now a treatment programme for people who feel compelled to trade cryptocurrencies, an activity that therapists say can create a behavioural addiction.
A hospital in Scotland, is now offering residential treatment for people who are trying to deal with an addiction to trading cryptocurrency.
As with the widely accepted addictive effects of gambling, experts believe that the ability to constantly monitor fluctuating crypto prices online – with the associated excitement and disappointment that can elicit – can create problems in a similar vein. Thus, the Castle Craig Hospital in Peeblesshire is now helping those who feel compelled to monitor the markets excessively to step back from their obsession, using similar techniques to those that form the foundation of its gambling addiction treatment.
Chris Burn, a gambling therapist at Castle Craig Hospital, to the London Evening Standard that “The high risk, fluctuating cryptocurrency market appeals to the problem gambler. It provides excitement and an escape from reality.”
“Having been through it myself, my experience of addiction gives me insight and empathy towards others who have the same problem,” added former gambling addict and therapist, Tony Marini. “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 realise that they’re not alone.”