Scottish Rehab Treats Bitcoin Addicts

Scottish Rehab Treats Bitcoin Addicts

A rehab facility operating in Scotland is now offering a course for those addicted to Bitcoin in order to treat people who have an obsession for the digital currency.

The Castle Craig Hospital located in the Scottish Borders, Peeblesshire, would now be treating crypto-addicts along with alcohol addicts, drug addicts and a wide array of other addicts.

Experts say that crypto trading addicts exhibit behavioral addictions similar to online gamblers. Hence, the facility uses the same techniques to treat crypto addicts which it uses to treat gambling addicts.

While the facility said that there are no solid figures for how many people are addicted to cryptocurrency, an estimated 13 million people trade cryptocurrencies around the world.

Bitcoin is perhaps the most popular cryptocurrency in the market right now. It came into existence back in 2009 when Satoshi Nakamoto mined the first block of bitcoins. While the first block of bitcoins was mined in 2009, the documentation about the cryptocurrency had been done earlier in 2008.

When it was launched first, the cryptocurrency was traded at 0.39 USD. At its peak last year, the cryptocurrency was traded at almost 18,000 USD.

A gambling therapist at Castle Craig Hospital, 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 and losses were made. It’s a classic bubble situation.”

Some of the treatments at the hospital would be led by a former gambling and cocaine addict, Tony Marini. He shared his take on the treatment by saying:

“Having been through it myself, my experience of addiction gives me insight and empathy towards others who have the same problem. I see cryptocurrency trading as a way for people to escape from themselves, into another world, because they don’t like the world they’re in. The first stage of treatment is to join other addicts in group therapy and share their life stories. This helps them identify with each other and realise that they’re not alone.”

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Syed Ali Mudassar
It was when he was pursuing his graduation in Computer Science that he found his flair for writing about new and existing technologies. He likes researching about technologies and how they could help people. Currently, he works as the Content Manager at CoinFrenzy, a leading blockchain news, and media publication website.