{"id":235754,"date":"2022-05-05T03:00:43","date_gmt":"2022-05-05T02:00:43","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=235754"},"modified":"2022-05-04T21:30:23","modified_gmt":"2022-05-04T20:30:23","slug":"crypto-trading-addicts-pay-90k-to-treat-addiction","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/crypto-trading-addicts-pay-90k-to-treat-addiction\/","title":{"rendered":"Crypto trading addicts pay $90k to treat \u201caddiction\u201d"},"content":{"rendered":"<p style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Treatment Centers worldwide are now considering <a href=\"https:\/\/cryptoslate.com\/cryptocurrency-trading\/\">crypto trading<\/a> as an addiction, with some offering to treat the \u201cailment\u201d for as high as $90,000, <\/span><a href=\"https:\/\/www.bloomberg.com\/news\/features\/2022-04-22\/can-you-be-addicted-to-crypto-trading-expensive-rehab-treatments-emerge?utm_content=crypto&utm_medium=social&utm_campaign=socialflow-organic&utm_source=twitter\"><span style=\"font-weight: 400;\">Bloomberg<\/span><\/a><span style=\"font-weight: 400;\"> reported.<\/span><\/p>\n<p style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The report revealed that many people now consider cryptocurrency trading addictive and are seeking help for it, with some going as far as comparing their addiction to gambling.<\/span><\/p>\n<p style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">According to an online therapist, Dylan Kerr,<\/span><\/p>\n<blockquote><p>&#8220;It\u2019s very similar to being at a roulette table\u2026it demands your attention. If you take your eyes off the prize, you could miss out on massive opportunities and incur massive penalties.&#8221;<\/p><\/blockquote>\n<p style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">One of such self-professed addicts, Stevie Rojas, claimed that his trading experience began with <a href=\"https:\/\/cryptoslate.com\/coins\/bitcoin\/\">Bitcoin<\/a>, but in no time, he began trading riskier altcoins mostly because of the thrills that come with such trades.<\/span><\/p>\n<p style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">He continued that this affected his personal life significantly, but he was finally able to quit after going to a confessional in Manila and praying about it.\u00a0<\/span><\/p>\n<h2><b>Is crypto trading addictive?<\/b><\/h2>\n<p style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Despite cases of people like Rojas, the idea of crypto trading being addictive is controversial. This might be because the space is still relatively new and beyond that, behavioral addictions such as gambling are only just becoming accepted as a form of addiction.<\/span><\/p>\n<p style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">However, there have been some valid concerns among experts and regulators about crypto trading. The rise in retail trading, and the proliferation of digital tokens, have also aided this.\u00a0<\/span><\/p>\n<p>For instance, the popular retail trading platform <a href=\"https:\/\/cryptoslate.com\/products\/robinhood\/\">Robinhood<\/a> was once accused of gamifying investing to the detriment of consumers.<\/p>\n<h2><b>Treatment centers and crypto addictions<\/b><\/h2>\n<p style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Regardless of the disagreements on whether crypto trading qualifies as an addiction, mental health professionals are reporting an uptick in the number of people coming to them for treatment for crypto trading.<\/span><\/p>\n<p style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">One of such places is Paracelsus Recovery private clinic in Switzerland which charges $90,000 to treat crypto trading and other unorthodox addictions. According to Jan Gerber, who\u2019s in charge of the clinic, inquiries about crypto-related issues have increased by 300% between 2018 and 2021.<\/span><\/p>\n<p style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Another treatment center is <\/span><a href=\"https:\/\/news.sky.com\/story\/amp\/treatment-centre-for-cryptocurrency-addicts-opens-in-the-scottish-borders-11387974\"><span style=\"font-weight: 400;\">Craig Castle<\/span><\/a><span style=\"font-weight: 400;\"> in Scotland. It has treated more than 100 people for crypto problems since 2016. The senior specialist therapist there, Anthony Marini, explained a \u201ccrypto curve\u201d that starts from \u201chighly fulfilling\u201d trading to dependency.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Treatment Centers worldwide are now considering crypto trading as an addiction, with some offering to treat the \u201cailment\u201d for as high as $90,000, Bloomberg reported. The report revealed that many people now consider cryptocurrency trading addictive and are seeking help for it, with some going as far as comparing their addiction to gambling. According to [&hellip;]<\/p>\n","protected":false},"author":720,"featured_media":235842,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[107,29],"tags":[76330,75194],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Crypto trading addicts pay $90k to treat \u201caddiction\u201d<\/title>\n<meta name=\"description\" content=\"A new Bloomberg report has revealed that crypto \u201caddicts\u201d are paying as high as $90k to treat their addiction.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/crypto-trading-addicts-pay-90k-to-treat-addiction\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crypto trading addicts pay $90k to treat \u201caddiction\u201d\" \/>\n<meta property=\"og:description\" content=\"A new Bloomberg report has revealed that crypto \u201caddicts\u201d are paying as high as $90k to treat their addiction.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/crypto-trading-addicts-pay-90k-to-treat-addiction\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-05T02:00:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-05-04T20:30:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/05\/crypto-trading-addiction.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Oluwapelumi Adejumo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Oluwapelumi Adejumo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/crypto-trading-addicts-pay-90k-to-treat-addiction\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/crypto-trading-addicts-pay-90k-to-treat-addiction\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#person\",\"name\":\"Oluwapelumi Adejumo\",\"url\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg\",\"caption\":\"Oluwapelumi Adejumo\"},\"jobTitle\":\"Senior Reporter\",\"description\":\"Oluwapelumi values Bitcoin's potential. 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