A rehabilitation facility in Spain has just added support (1) for treating another abuse problem to its available options. The habit-forming challenge of crypto currency trading has given rise to a new addiction.
The Balance is the institution's name and a wellness facility focusing on Switzerland. The company's primary management office is located on the Spanish island of Mallorca and has locations in London and Zurich.
Recently, the site started providing services to prevent people from becoming addicted to crypto currency trading.
The upscale rehabilitation facility in Spain has a long history of treating various addictions, including those to alcohol, narcotics, or mental health issues. However, it has recently begun to provide services geared toward combating addiction to crypto currency trading.
One of the center's clients approached them about treatment for addiction to crypto currency after reportedly spending about $200,000 worth of transactions per week.
The treatment consists of a stay that lasts for four weeks and includes yoga, massage therapy, and other forms of treatment. It is possible to anticipate that the actual cost will exceed $75,000.
It is Not the Only Clinic
Since 2018, patients suffering from addiction have been seen in a clinic at another facility in Scotland named the Castle Craig Hospital. This facility is a rehabilitation center for high-adrenaline crypto currency traders.
Over a hundred of its customers have had to be helped out of potentially damaging situations related to trading crypto currencies, and one company has seen it all.
The Castle Craig Hospital in Peeblesshire, which is located in the Scottish Borders, has begun offering a program of residential treatment for patients who have the potential to be classified as crypto addicts.
Experts believe that trading crypto currencies have the potential to develop into a deadly form of addiction, in which investors would continually examine minute-to-minute fluctuations throughout the whole trading day.
The issue of gambling, as stated by a therapist working at Castle Craig Hospital, is a direct outcome of the tremendous danger. It produces the traditional bubble condition by simultaneously offering both thrill and a retreat from reality.
According to the explanation provided by Castle Craig, there are no data available to determine the number of people who are addicted to crypto currencies; nonetheless, there are more than thirteen million people throughout the world who are active in trading. As a result, there must be a considerable number of people who struggle with problems related to gambling.
Returning our focus to the rehabilitation facility in Spain, it is essential to note that to assist recovering traders in overcoming their addiction, the facility utilizes a comprehensive and multi-level treatment plan that incorporates elements of cognitive behavioral therapy, motivational interviewing, and psychodynamic theory.
It is also thought that the dizzying highs and lows of the very volatile 24-hour-a-day, seven-days-a-week trading regime of crypto currencies have contributed to the growing demand for rehabilitation clinics that offer assistance for those addicted to trading.
An article published by Family Addiction Specialist states that approximately one percent of traders will have significant pathological addiction, and another ten percent will have other issues in addition to the loss of financial capital.
In Asia, a facility with a like name, the Diamond Rehabilitation Center, has recently opened its doors. It is a wellness clinic in Thailand that has also initiated treatment techniques focused on bitcoin addiction.