Crypto Addiction Spikes: Experts Warn of Gambling-Like Behavior

Cryptocurrency addiction is on the rise, and experts say it bears an uncanny resemblance to gambling. According to Jamie Giles, a therapist at Castle Craig, one of Scotland's leading addiction treatment centres, problematic crypto investing can be identified by its impact on daily life.

Giles spoke to Euronews about how to spot this issue, who is most at risk, and what to do about it. 'It looks just like gambling,' he said. This warning sign should not be taken lightly, as crypto addiction has already affected many individuals worldwide.

The problem lies in the fact that cryptocurrency investing can be highly speculative, with prices fluctuating rapidly. This can lead to a psychological dependence on the constant pursuit of profit, often resulting in neglect of other responsibilities and relationships.