Bitcoin and other cryptocurrencies have been all the rage for several months now, thanks to the inflated prices that helped a bunch of people get rich. But apparently some people are taking it even further and just can't help but buy more and more crypto for no good reason, and that's why there's one Scottish hospital has expanded its rehab services for cryptocurrency addicts.
The hospital in question is Castle Craig hospital in Peeblesshire, and the expansion of services took place earlier this month with staff likening crypto purchases to gambling. Gambling therapist Chris Burn, 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 & losses were made. It’s a classic bubble situation.”
It's not a terrible comparison, because a lot of people have likened investing in cryptocurrency to gambling due to its instability. According to the hospital, like gambling addicts, cryptocurrency addicts will obsessively chase the win and recoup their losses - even going so far as to borrow money, steal, or lie about it. Because it's basically a new form of gambling addiction Castle Craig aims to use the same methods used to treat patients, including a 12 step approach that uses cognitive behavioural therapy.
The hospital is a private facility, though, so you won't be able to book yourself in on the NHS's dime. Which is probably a good thing, because if the tabloids found out they'd probably go mental and fail to understand that 'crypto addiction' is just a fancy name for a very specific kind of gambling addiction. And it's not cheap either, with prices ranging from £1,360 to £9,240 a week depending on what package or treatment you're getting. Considering patients aren't likely to be fixed in a few days, that cost is going to add up significantly.
But like damn near everything, people can be addicted to buying and selling cryptocurrencies. If you're one of them, or you know someone who is, it's probably a good idea to seek help. The NHS has some resources for you to check out here. [Castle Craig via Digital Trends]