Home 2019 Mental Counseling for Crypto Depression at Spanish Rehab Center

Mental Counseling for Crypto Depression at Spanish Rehab Center

by John Heffernan

It is well acknowledged that bitcoin and other cryptocurrencies may be addictive. As a result, as with any substance that causes many people to get addicted, excessive use can be harmful to mental health.

For example, losing enormous quantities of money unexpectedly and feeling helpless might undoubtedly increase stress and negatively impact your self-esteem. Worse, it might seriously affect your perspective on life.

To cope with these issues, people may resort to alternate addictive drugs. So begins a pattern that can lead to addiction, anxiety, and despair, among other negative outcomes.

Rehab clinics that treat bitcoin addiction are popping up all over the world, catering to individuals suffering from crypto fatigue and other associated “illness.”

Luxury Bitcoin Addiction Treatment Center in Spain

A large rehabilitation center is rising amid the expanding number of establishments offering treatment for crypto addiction on the Spanish island of Majorca.

According to a BBC article, The Balance rehab clinic provides a four-week therapy to address this sort of “illness.”

Addiction to bitcoin and other cryptocurrencies refers to the irrational desire to continue trading in these sorts of digital assets despite the negative repercussions on one’s health and money.

This type of addiction is behavioral in nature. This implies that similar to substance abuse or gambling addiction, a person develops a dependency on a set of acts that produce dopamine.

The Zurich-based ‘The Balance‘, represents itself as a “safe zone fostering health and fulfillment.”

According to the BBC, the Swiss-based wellness center treats burnout, anxiety, depression, post-traumatic stress disorder, and eating disorders.

Sources: iNews (Photo: Tiberiu Victor Tamas)

Not For The “Shallow-Pocketed”

However, the intervention is prohibitively expensive, costing well over $75,000 in all. This package includes luxuries like full-body massages, bike rides, and yoga in a private villa with a chef and butler.

“Don,” who works for a corporation that processes central bank digital currency (CBDC) transactions, used to trade cryptocurrencies for up to $200,000 each week.

He encountered a “downward spiral” in the middle of 2022 and opted to seek “refuge” at the expensive Spanish treatment clinic where he claimed to have been “weaned” off crypto, according to the BBC.

According to the Zurich-based treatment facility Paracelsus Recovery, cryptocurrencies are addictive because they release significant amounts of feel-good neurotransmitters in the brain.

On the other hand, Diamond Rehabilitation, a wellness facility established in Thailand and running since 2019, has added bitcoin addiction rehab and treatment services to its range of therapies.

Castle Craig Hospital, a Scottish addiction rehabilitation center that has treated “high-adrenaline” cryptocurrency traders since 2018, has treated over 100 persons with “hazardous” cryptocurrency concerns.

Sources: BBC; Bitcoinist

To speak to and learn more from a professional on Cryptocurrency, contact KXCO.IO.

You may also like


Your Trusted Source for Capital Markets & Related News

© 2024 LiveTradingNews.com – For The Traders, By The Traders – All Right Reserved.

The information contained on this website shall not be construed as (i) an offer to purchase or sell, or the solicitation of an offer to purchase or sell, any securities or services, (ii) investment, legal, business or tax advice or an offer to provide such advice, or (iii) a basis for making any investment decision. An offering may only be made upon a qualified investor’s receipt not via this website of formal materials from the Knightsbridge an offering memorandum and subscription documentation (“offering materials”). In the case of any inconsistency between the information on this website and any such offering materials, the offering materials shall control. Securities shall not be offered or sold in any jurisdiction in which such offer or sale would be unlawful unless the requirements of the applicable laws of such jurisdiction have been satisfied. Any decision to invest in securities must be based solely upon the information set forth in the applicable offering materials, which should be read carefully by qualified investors prior to investing. An investment with Knightsbridge is not suitable or desirable for all investors; investors may lose all or a portion of the capital invested. Investors may be required to bear the financial risks of an investment for an indefinite period of time. Qualified investors are urged to consult with their own legal, financial and tax advisors before making any investment. Knightsbridge is a private investment firm that offers investment services to Qualified Investors, Members and Institutions ONLY. Qualified Investors are defined as individuals who have met those Qualifications in the relevant jurisdictions. Members are defined as individuals who have been accepted into the Knightsbridge membership program. Institutions are defined as entities such as banks, pension funds, and hedge funds. If you are not a Qualified Investor, Member or Institution, you are not eligible to invest with Knightsbridge. All investments involve risk, and there is no guarantee of profit. You may lose some or all of your investment. Past performance is not indicative of future results. Knightsbridge is not a registered investment advisor, and this disclaimer should not be construed as investment advice. Please consult with a qualified financial advisor before making any investment decisions. By accessing this website, you agree to the terms of this disclaimer. Thank you for your interest in Knightsbridge.