© Reuters The story of how a man’s addiction to cryptocurrency completely ruined his life
A recent report from a patient attending a rehabilitation clinic in Thailand for his addiction to cryptocurrency sheds light on what may be a growing problem for many around the world as crypto becomes more and more popular.
An addiction – although not much talked about – is similar to that of gambling The publication cites the work of Dr. Theo de Vries; Managing Director of The Diamond Rehab Foundation in Thailand, which also treats patients with crypto addiction. De Vries says that crypto addiction is often combined with something else, with many patients telling him that they are addicted to alcohol or drugs in addition to cryptocurrency. He says that his clinic treats cryptocurrency addiction in the same way as gambling; Noting that the latter has the “highest suicide rate among all addictions.”
I interviewed an anonymous patient as an example of the severity of cryptocurrency addiction. The patient, a 38-year-old with two children and a marketing business owner, said; They first got involved in cryptocurrency in 2016 after hearing about .
The anonymous patient said that the addiction had grown steadily over time; It culminated in a search for the “next new (EGX:) gem” that would yield big profits. The patient said he was “totally obsessed with him” ; And he began taking out loans to support his investments, including personal loans from friends and family.
Eventually the patient started making excuses and lies to get loans in order to invest money in cryptocurrency. The patient said that they started checking prices a lot and became obsessed with cryptocurrency; They spend all their free time watching YouTube videos and “scheming” for new ideas.
The patient’s friend eventually convinced them to get help for their addiction to cryptocurrency; It culminated in a stay in a rehabilitation center. The patient was eventually able to overcome his addiction; But he reported that it was “really tough”, especially during a bull market.
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