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13 May 2021

Young Koreans hooked on Bitcoin trading sparks "crypto addiction" fears

Young Koreans hooked on Bitcoin trading sparks "crypto addiction" fears


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An article today from the leading South Korean newspaper Chosun Ilbo detailed the phenomenon of obsessive Bitcoin tracking and mentioned the impact of price fixation on the lives of young Koreans, even to the point of interfering with their work commitments.

Psychological experts warn that compulsive price tracking may be part of a wider problem with cryptocurrency addiction, which shares similarities with gambling addiction?

With Bitcoin and cryptocurrency only gaining traction in recent years, cryptocurrency addiction is a relatively uncharted phenomenon.

However, psychologists classify it under the same taxonomy as a behavioral addiction, which includes established sub-types such as gambling addiction and stock market trading addiction.

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