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Is addiction to cryptocurrencies real? Elon Musk also perceives the issue

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Addiction to cryptocurrencies
Source: Shutterstock, Andrew Angelov

Cryptocurrencies can affect yours mental health and cause addiction? I never thought about this question. Tesla’s boss and a big Dogecoin fan, Elon Musk, believes that cryptocurrencies can actually put a negative strain on your psyche.

Cryptocurrencies and the mental side

According to Tesla’s CEO, cryptocurrencies are negatively affected the psychological side of your health. This can be deduced from his latest reaction to twitter.

If we think about it, there are many people who have become rich on cryptocurrencies, and such a quick and easy gain can really affect your mental health. Discipline, peace and common sense. These are all factors that simply need to be considered and mastered. If you are in a position that you do nothing else, you only follow the development of the market 24/7, it will definitely be reflected on you over time.

Not to mention that the crypto market has been really turbulent in recent weeks and is dominated by projects such as Shiba Inu.

The addiction on cryptocurrencies is real

This time Musk hit exactly black. He probably knows what he’s talking about and maybe has personal experience. His fortune is huge, so Tesla’s boss certainly knows what the real pressure looks like.

Recently, a survey on addiction and psychiatry has addressed a similar topic problems of university students, who suffer from stress and ever-evolving mood swings as a result of investing in cryptocurrencies.

In Scotland, they have even set up a clinic for patients who are addicted to the crypto trade. Although the number of patients is not dizzying, with the increasing popularity of cryptocurrencies, this number may extremely increase. The Edinburgh company Castle Craig has been treating so far 15 patients.

All you have to do is get interested in cryptocurrencies in the world of the Internet, ads will be waiting for you everywhere. So be careful, the vision of big profits stinks of fraud. You therefore need to be careful how long you monitor the market. It must not become an addiction.

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All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.

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