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Crypto trading’s impact on mental and physical health

Dr. Suhaib J. S. Ahmad, Dr. Aristomenis Exadaktylos, and Dr. Thomas Mueller
Conditions
September 26, 2025
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In 2024, centralized cryptocurrency exchanges recorded approximately USD 18.4 trillion in trading volume, with Binance alone accounting for forty percent (~USD 7.7 trillion). While the total number of cryptocurrency holders exceeded 600 million globally, active traders (those engaging in high-frequency or large-scale trading) appear limited to thirty to sixty million monthly users. Epidemiological data indicate these traders skew male (≈sixty-one percent), primarily aged 25 to 34 (thirty-four percent of owners), with regional leadership in trading volume concentrated in Asia (forty percent), followed by North America (thirty percent) and Europe (twenty percent). This rapid emergence of cryptocurrency trading has sparked a new socio-economic subculture known as “crypto-bros.” While often portrayed in the media as speculative risk-takers with flashy lifestyles, emerging empirical evidence suggests that this group may share distinct psychological traits and exhibit health-related vulnerabilities with potential implications for clinical practice, particularly for emergency physicians and surgeons involved in acute care pathways. Given the volatility and 24/7 accessibility of cryptocurrency markets, there is reason to anticipate an increase in acute presentations to emergency departments (EDs) related to the psychological and somatic consequences of such trading behavior.

A study in PLOS ONE involving more than 2,000 U.S. adults found that cryptocurrency ownership was significantly associated with elevated levels of the so-called “Dark Tetrad” personality traits (narcissism, Machiavellianism, psychopathy, and sadism) as well as with conspiratorial beliefs and consumption of unregulated media sources. These personality dimensions have been linked to high-risk decision-making, impulsivity, and a preference for short-term rewards, all of which may reinforce compulsive trading behavior. Additional research has nuanced this picture, noting that while Dark Triad traits (excluding sadism) are more common among crypto owners, they explain only part of the behavioral pattern, with cultural, social, and economic factors also playing important roles.

From a behavioral health perspective, cryptocurrency trading can mimic the dynamics of gambling addiction. A recent scoping review described significant psychological distress among traders, including elevated rates of anxiety, depression, and mood instability. Parallels with gambling disorder include preoccupation with market activity, “chasing losses,” and neglect of other life domains. The United Kingdom’s National Health Service has reported a marked rise in young men seeking treatment for compulsive cryptocurrency trading, with consequences ranging from financial collapse to relationship breakdowns.

Somatic consequences are increasingly reported in the literature. A cross-sectional study of 437 university academics in Turkey revealed that cryptocurrency traders experienced significantly poorer sleep quality, higher stress levels, and lower overall quality of life. Such symptoms are likely mediated by prolonged screen time, irregular sleep cycles dictated by market fluctuations, and sustained physiological arousal in response to volatile financial swings. Chronic stress of this nature is known to increase the risk of cardiovascular disease, immune dysregulation, and gastrointestinal complaints.

Stress related physiological effects can manifest as acute abdomen, peptic ulcer exacerbations or even functional gastrointestinal crisis mimicking surgical emergencies. High stress traders can present under the surgical care with perforated peptic ulcer or acute appendicitis-like pain without any specific organic pathology. They can also present with ischemic bowel-like symptoms triggered by vascular spasms. Thus, it is important to be aware of the emerging profile and integrate psychosocial assessment when evaluating acute abdominal presentations.

The relevance to emergency medicine becomes apparent when considering parallels with established data on financial market stress. A 2024 study in Nature Mental Health demonstrated that stock market downturns were associated with measurable increases in ED visits for cardiovascular disease and mental health conditions. Given that cryptocurrency markets are considerably more volatile and operate without closure, it is plausible to expect an amplified burden of acute stress-related presentations in the ED (ranging from chest pain and palpitations to panic attacks and hypertensive crises) particularly during market crashes. Moreover, a recent analysis found that crypto investors are more than twice as likely to forgo necessary medical care, including physician visits and prescription refills, increasing the risk of preventable acute decompensations requiring emergency interventions.

Suhaib J. S. Ahmad is a surgeon in the United Kingdom. Aristomenis Exadaktylos is an emergency physician. Thomas Mueller is a medical director.

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