- A patient was in a rehab center in Thailand due to his crypto addiction, according to a recent report.
- The report highlights the growing problems around the world with the mainstream adoption of crypto and also mentions the work of Dr. Theo de Vries, Managing Director of The Diamond Rehab in Thailand.
- De Vries also did treatment for crypto addiction and revealed that in their clinic, they give similar treatment to patients with crypto addiction as patients with gambling addiction.
As per a recent report, in Thailand, a patient is in a rehab clinic because of his crypto addiction. This incident highlights one of the growing problems worldwide with the mainstream adoption of crypto. Cryptocurrency addiction is equated with gambling addiction in a recent report.
Citing the work of Dr. Theo de Vries, Managing Director of The Diamond Rehab in Thailand, who also does the treatment for crypto addiction. According to De Vries, the crypto addiction is often infused with something else since patients complain of either alcohol or drugs besides crypto. He also shared that his clinic treats patients with crypto addiction the same as gambling, noting the “highest suicide rate of all addictions.”
An anonymous patient told in an interview about his experience with crypto addiction. The 38-year-old patient is the owner of a marketing company and has two kids. The patient shared that after becoming aware of Ethereum, they first got involved in crypto in 2016.
The patient then reveals that the addiction slowly grew over time. Then, they went on to find the “next new gem” that would yield substantial profits. The patient says they became “thoroughly obsessed over it” and started taking loans, including personal loans from family and friends, to back their investments.
It quickly got escalated, and the patient started making up excuses and lies to get loans and invest in crypto. Then, they started checking prices often, turning into a crypto-obsessed. They used to watch crypto-related Youtube videos in their free time.
Then, on the recommendation of the patient’s girlfriend, they turn to get help regarding their crypto addiction, leading to a stay at a rehab center. Eventually, the patient got over their crypto addiction; however, they shared it was “really tough,”, especially during the bull market.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.