A research study that was conducted by researchers at the Center for Gambling Studies at Rutgers
Although habitual gamblers would bet for recreation and the thrill of using accessible currency, and stock traders would buy and sell stocks to increase their investments, Nower and Mills showed that there were no differences between these gamblers and stock traders. Both groups are invested in their activities for the thrill and challenge of gaining wealth while taking a chance at losing their current finances. However, as a result, the subjects of the study found that they experienced high levels of depression and anxiety, most likely from losing money in their wealth-gaining methods.
Nower also maintained that high-risk stockbrokers who traded stocks with cryptocurrency were no different from their peers who didn’t used the electronic currency. High-risk traders and their peers were trading stocks for the same end goal, which was to gain wealth from some great investments, but with a type of currency that they were able to easily obtain. In Addictive Behaviors, the journal where this study was published, Mills reported that some people used cryptocurrency an investment tool, but there are others who rely upon it as a means to bet on gambling opportunities, which could lead tot heir downfall. Unfortunately, with the value of cryptocurrency fluctuating since December 2017, the usage of cryptocurrency may decline, thus making it useless to habitual gamblers and high-stakes stock traders. According to statistics, cryptocurrency was valued at $24,000. However, as of March 2019, it dropped down to $5,174.70. With the value of cryptocurrency decreasing, the chances of habitual gamblers and high-risk stock traders gaining from electronic currency will not benefit them in the long run.