Mental Illnesses on the Rise amid Failed Crypto Investments
Date: 2025-03-13 Author: Gabriel Deangelo Categories: CRYPTO PAYMENTS
Medical experts note that the instability of the crypto market leads to increased levels of stress, anxiety disorders, depression, and even more serious consequences, including addictions and suicidal thoughts. After the crypto market crash in 2022, psychiatrists from Russia, the United States, Taiwan, South Korea, and the United Kingdom recorded a sharp increase in emotional problems among traders, and in some cases, investor suicides.
According to the World Health Organization (WHO), the number of mental disorders among crypto investors has increased by 25% in recent years due to financial difficulties. Although full reports for 2024 from psychiatric clinics and rehabilitation centers remain limited, global statistics confirm the alarming trend.
A Public Health study published by Forbes in September 2024 found that crypto traders are 4 times more likely to suffer from gambling addiction and 2 times more likely to suffer from excessive internet use, which leads to social isolation, stress, and depression.
Psychiatric institutions such as Castle Craig Hospital in Scotland and Paracelsus Recovery in Switzerland report a growing number of patients whose mental health has worsened due to losses in the crypto market. Specialized clinics for the treatment of crypto addiction have even begun to open in Europe.
Estimates show that of the 750 million people in Europe, about 10% actively use cryptocurrencies, and behavioral addictions such as gambling addiction may affect between 1% and 3% of these investors. This means that between 750,000 and 2.25 million people in Europe are potentially at risk of crypto addiction.
Today, about 15 psychiatric clinics in Europe, mainly in the UK, Switzerland and Spain, offer treatment for crypto addiction and its consequences. From 2025, the European Monitoring Centre for Drugs and Drug Addiction (EMCDDA/EUDA) will begin to analyze the impact of cryptocurrency investments on the mental health of the population.
In February, a crypto trader known under the pseudonym MistaFuccYou committed suicide on live TV after losing the last $500 invested in a fraudulent token. Earlier, the creator of the DARE memecoin, known under the nickname Mikol, set himself on fire during a stream, trying to attract attention to his project.
