Many are Addicted Trading Crypto, Rehabilitation Center in Spain Provides Services for Cure

Crypto trading is alleged to cause addiction and mental disorders. (Photo; Doc. Unsplash)

JAKARTA – The increasing popularity of cryptocurrencies has attracted more people to carry out trading activities in these digital assets. At the same time, many people profit from trading results, causing addiction. On the other hand, there are not a few traders who experience large losses, causing a number of mental problems.

To combat this, a rehabilitation center in Spain has added trading addiction to its list of problems to treat. It is a Swiss-oriented medical center, called Balance, with its main management office on the Spanish island of Mallorca.

The rehabilitation center has also provided services to overcome crypto trading addiction in a number of cities in Europe such as London and Zurich. Recently, this rehabilitation platform started offering services to prevent the mushrooming crypto trading addiction among the public. Previously, this luxurious Balance rehabilitation center only handled problems related to alcohol, drug, and deviant behavior.

Launching Coinspeaker, a report dated February 5 explained that one of the rehabilitation center's customers contacted them to treat crypto addiction after allegedly investing around 200,000 US dollars (equivalent to Rp. 3 billion) in trading every week.

The treatment consists of a four-week stay involving therapy, massage, and yoga. The bill is estimated at more than 75,000 US dollars (about Rp. 1.1 billion).

Not only in Spain

Apart from Spain, another hospital in Scotland, Castle Craig Hospital has provided rehabilitation services for crypto traders since 2018. This hospital has had more than one hundred traders treated for crypto trading problems which have high volatility.

Castle Craig Hospital in Peeblesshire, Scottish Borders, launched a home care program for patients diagnosed as cryptocurrency addicts. Experts say that cryptocurrency trading has the potential to become a dangerous type of addiction, in which investors monitor the markets every minute of the day.

According to a therapist at Castle Craig Hospital, major risks result in problem gambling, which provides excitement and an escape from reality, creating the classic bubble situation.

More than thirteen million people worldwide are involved in cryptocurrency trading, although there are no exact figures for the number of addicts. Therefore, the number of people who have problem gambling must be significant.

The rehabilitation center uses the methods of Cognitive Behavioral Therapy (CBT), Motivational Interviewing (MI), and Psychodynamic Theory (PT) as part of a multi-level strategy to help traders beat their addictions.

The demand for rehabilitation centers that offer services to trading addicts has increased due to the delirious ups and downs of the highly volatile cryptocurrency trading regime that operates 24 hours a day, 7 days a week. About one percent of investors will experience critical pathological addiction, while another ten percent will experience additional problems separate from monetary loss, according to an article from Family Addiction Specialist.

Not only that, rehabilitation services to overcome crypto trading addiction also exist in Thailand, Diamond Rehabilitation. The medical center also launched a cryptocurrency addiction treatment program, reported by Cointelegraph.