The Balance, a rehabilitation center on the Spanish island of Mallorca, has decided to bring relief to people who just can’t get enough of cryptocurrencies. For up to $75,000 (around Rs.61,000), the rehab facility will treat crypto trading “addicts” with massage, yoga and therapy for up to four weeks. The global crypto community has grown rapidly in recent years. Analytics firm Triple-A estimates that as of 2023 so far there are over 420 million crypto owners around the world.
Recently, a client reached out to the center, complaining that he couldn’t “break the habit” of the urge to engage in crypto trading activities. acc BBC, the person invests up to $200,000 (approximately Rs. 1.6 crore) in crypto trading per week.
“I would break a sweat before long-haul flights because I wouldn’t have access to them Internet‘ the BBC report quoted the anonymous rehab client who complained of insomnia and night restlessness.
The complainant along with several others crypto trader around the world have faced drastic ups and downs in a turbulent market environment in recent months. This may have increased the time they spent monitoring crypto price movements, which unlike stocks are open for trading 24 hours a day, every day of the week.
“Treatment for crypto addiction is similar to other addictions. It’s a biopsychosocial disease, so it requires biopsychosocial intervention: medication in some cases, individual and group psychotherapy, modification of habits and environment, (or) implementation of healthier substitute activities,” the BBC report quoted Anna Lembke, director of Stanford Addiction Medicine double diagnosis clinic as said.
However, The Balance is not the first rehabilitation center to recognize crypto trading addiction among the predominant common addiction types such as alcoholism and drug addiction, among others.
In Scotland, Castle Craig Hospital has been offering services to combat crypto-related addictions in “high adrenaline” patients since 2018 CoinTelegraphThe facility has already treated over a hundred clients who were addicted to crypto-related gambling problems.
Thailand-based Diamond Rehabilitation also offers treatments for crypto addicts.
As several nations ponder their respective crypto laws, the availability of cryptocurrencies for 24-hour trading could bring about changes in the times to come that could offer a much-needed break to traders trying their hand at this sector.
