June 17, 2021 – Mike said that this high win, combined with the difficulties he was facing in his personal life and marriage, led to an addictive gambling cycle. He became in charge of millions of dollars. Soon, he started trading money that did not belong to him, hoping that his first success would be repeated.

“The first time I took it, I lost it all in about 20 minutes one night. The market moved very rapidly, and I liquidated everything. It was about 2 am. I went back to bed and had to lie down next to my wife. She had no idea what I had been up to,” Mike said.

Mike was soon facing criminal charges for embezzlement. However, with the help of his family, he was able to pay back $2.5 million to his employer. He is now getting treatment for his cryptocurrency addiction.  According to specialists, cryptocurrency addicts display the same kinds of behavioral addictions as addicted gamblers and sex addicts. There are no figures for the number of people in the US that are currently addicted to cryptocurrency trading, but the cryptocurrency addiction is clearly on the rise.

“There are so many people out there that are trading cryptocurrency that are making money, and they’re telling everyone that they’re making money. We are not hearing from the people that are losing money,” he said.

Sex addiction can be conceptualized as the compulsive engagement in sex despite negative consequences. Moreover, it is a behavior that is emotionally distressing rather than fulfilling. While not always recognized as a legitimate diagnosis, sex addiction has real consequences, including a negative impact on relationships and well-being.


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