Cryptocurrency news

Elon Musk Believes Crypto Can Hurt Your Mental Health

Elon Musk thinks controlling cryptocurrency prices can harm your mental health.

Elon Musk Believes Crypto Can Hurt Your Mental Health

Tesla and SpaceX CEO Elon Musk , to this day the crypto currency with tweets about the units that share has always managed to be on the agenda. The last tweet of Musk, who closely follows cryptocurrencies, draws attention.

Elon Musk: “Cryptocurrencies Can Destroy Your Mental Health”

Billionaire businessman Elon Musk seems convinced that following the prices of cryptocurrencies can cause mental health problems, according to his latest tweet .

Billy Markus, the founder of Dogecoin , tweeted the other day that “I am pretty sure that following cryptocurrency prices will cause mental health problems.”

It seems that Tesla CEO Elon Musk agrees with this view of the Dogecoin founder. So much so that Musk left an emoji supporting Billy Markus under this share.

This event came after Bitcoin fell more than 7% in just a minute, with the steep drop the past day .

The cryptocurrency market, on the other hand, has been extremely turbulent this week as the Shiba Inu cryptocurrency has taken over the market. However, Ethereum ( ETH ), the second largest cryptocurrency by market cap, hit an all-time high of $4,405 a few hours ago.

Musk recently tweeted that he bought Bitcoin , Ethereum and Dogecoin “out of curiosity” and denied that he was holding the Shiba Inu.

Cryptocurrency Addiction Is Real

Musk’s concerns are not unfounded. So much so that a recent survey shows that college students suffer from stress and constant mood swings due to cryptocurrency investment .

There is also a rehabilitation clinic in Scotland for those suffering from cryptocurrency trading addiction. Edinburgh-based Castle Craig has already treated 15 crypto-obsessed patients.

Although cryptocurrency addiction is not yet recognized as a separate condition, it resembles compulsive gambling. Social media and promises of big profits are linking people to volatility.

Samuel Hegi

Samuel Hegi , who first became acquainted with blockchain technology in 2014, is highly critical of blockchain technology. Samuel Hegi, a journalism graduate from the University of Brighton he is the editor-in-chief of the news portal. Blockchain is love.

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