According to Cryptonews, a recent study by the National Library of Medicine (NLM) found that cryptocurrency trading can have a significant impact on mental health. The study, which analyzed 11,177 participants globally, revealed that crypto traders are more prone to anxiety, depression, and psychological distress compared to non-investors. The report also noted that traders may experience elation from gains and addictive behaviors, which can lead to further losses. Following a major market crash in October 2023, reports emerged of traders taking their own lives, including the case of Konstantin Galich, a Ukrainian investor. Experts like David Kemmerer of Coinledger and mental health advocate Shira Lazar emphasize the need for the crypto industry to promote mental health awareness and encourage healthy trading habits.
Crypto Trading Linked to Mental Health Challenges, Study Finds
CryptoNewsShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.