A high-end rehabilitation facility in Spain has lately begun offering treatment for an addiction to cryptocurrency trading, which is a relatively fresh kind of addiction.
The institution, named “The Balance,” is a Switzerland-founded wellness centre, with its main location situated on the Spanish island of Mallorca along with subsidiaries in London and Zurich.
While it has long treated addictions such as alcohol, narcotics and mental health, it just started providing therapies geared towards fighting crypto trading addiction, according to a report from the BBC.
The Feb. 5 article indicated that one of the center’s customers sought out so that he could “wean off crypto” after apparently pouring in $200,000 worth of transactions per week.
The treatment requires a stay of four weeks and consists of various therapies, massages, and yoga sessions. The bill might be upward of $75,000.
In another area of the globe, 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 issues.
Diamond Rehabilitation, a wellness facility situated in Thailand that began operations in 2019, is one of the establishments in Asia that has launched services devoted to the rehabilitation and treatment of bitcoin addiction.
The business claims it addresses recovery via the use of Cognitive Behavioral Therapy (CBT), Motivational Interviewing (MI) and Psychodynamic Theory (PT), as part of its comprehensive, multi-stage strategy to assist traders conquer their addiction.
It is claimed that the ecstatic highs and shattering lows of the fast-paced, 24 hours a day, seven days a week arena of cryptocurrency trading have brought about a genuine need for rehabilitation clinics that provide assistance for those who are addicted to trading.
According to an article published by Family Addiction Specialist and based on statistics regarding gambling disorders, it is estimated that approximately one percent of cryptocurrency traders will develop a severe pathological addiction, while ten percent will experience other problems in addition to a loss of financial capital.
According to a Family Addiction Specialist, one of the symptoms of this addiction is a persistent need to check the prices online, especially in the middle of the night.