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A new type of addict is showing up at Gamblers Anonymous meetings across the country: investors hooked on the market’s riskiest trades. Doctors and counselors say they are seeing more cases of compulsive gambling in financial markets as well, or an uncontrollable urge to bet. They expect the problem to worsen.
When crypto prices started tumbling, snowballing losses left him sullen. “Sometimes I would get a passing thought as I went to bed: I hope I don’t wake up in the morning,” he said. His portfolio had fallen around $1 million from its peak.
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