The fast-paced, 24/7 nature of the cryptocurrency market has created a new kind of addiction – crypto trading addiction. As a result, rehabilitation centers around the world are now offering services to help those who struggle with this addiction. One such center, The Balance, is a Swiss-founded wellness center located on the Spanish island of Mallorca, with branches in London and Zurich. The Balance has recognized the growing need for treatment aimed at those addicted to crypto trading and has added this to its list of services.
The center, which has a long history of treating addictions such as alcohol, drugs, and behavioral health, has now expanded its services to include the treatment of crypto trading addiction. A recent report from the BBC highlighted the case of a client who reached out to The Balance for help in weaning off cryptocurrency after reportedly investing $200,000 per week in trades.
The four-week program offered by The Balance includes therapy, massages, and yoga, and can cost upwards of $75,000. The program aims to address the highs and lows of the cryptocurrency market that can lead to addiction. Family Addiction Specialist estimate that approximately 1% of cryptocurrency traders may develop a severe addiction, while 10% may face other related problems.
Other rehabilitation centers, such as Scotland’s Castle Craig Hospital and Thailand’s Diamond Rehabilitation, have also added cryptocurrency addiction treatment to their services. These centers use a combination of Cognitive Behavioral Therapy (CBT), Motivational Interviewing (MI), and Psychodynamic Theory (PT) to help clients overcome their addictions.
CBT helps clients identify and change negative thought patterns, MI focuses on the client’s motivations for change, and PT explores unconscious motives and emotions that may contribute to the addiction. By combining these approaches, rehabilitation centers are providing a comprehensive, multi-stage approach to help clients overcome their addiction to cryptocurrency trading.
Symptoms of this addiction can include constantly checking prices online, especially in the middle of the night. In conclusion, the need for rehabilitation centers to offer treatment to those struggling with crypto trading addiction is growing. By recognizing this trend, The Balance, Castle Craig Hospital, and Diamond Rehabilitation are providing valuable support to individuals seeking a way to overcome their addiction to cryptocurrency trading.
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