Cryptocurrency addicts seek treatment at Scottish clinic
Edinburgh: A Scottish addiction clinic has begun treating people who are hooked on trading cryptocurrencies.
Traders can become addicted to cryptocurrencies like bitcoin as their volatile price fluctuations can be as thrilling but potentially costly as gambling, according to therapists at Castle Craig clinic near Edinburgh.
Cryptocurrency addicts are offered treatments such as a 12-step programme, cognitive behavioral therapy (CBT), trauma therapy and equine therapy.
Chris Burn, a gambling therapist at Castle Craig Hospital, said: "The high risk, fluctuating cryptocurrency market appeals to the problem gambler.
"It provides excitement and an escape from reality. Bitcoin, for example, has been heavily traded and huge gains and losses were made. It's a classic bubble situation," he said.
Castle Craig has treated over 10,000 patients for various addictions since it opened in 1988 and says the majority have gone on to achieve long-term abstinent recovery.
Disclaimer: This website is primarily for healthcare professionals. The content here does not replace medical advice and should not be used as medical, diagnostic, endorsement, treatment, or prescription advice. Medical science evolves rapidly, and we strive to keep our information current. If you find any discrepancies, please contact us at corrections@medicaldialogues.in. Read our Correction Policy here. Nothing here should be used as a substitute for medical advice, diagnosis, or treatment. We do not endorse any healthcare advice that contradicts a physician's guidance. Use of this site is subject to our Terms of Use, Privacy Policy, and Advertisement Policy. For more details, read our Full Disclaimer here.
NOTE: Join us in combating medical misinformation. If you encounter a questionable health, medical, or medical education claim, email us at factcheck@medicaldialogues.in for evaluation.