According to a recent <a href="https://twitter.com/BillyM2k/status/1453795961063477252" target="_blank" rel="nofollow noopener">tweet </a>by Tesla CEO Elon Musk, monitoring cryptocurrency prices might harm and lead to mental health issues. 
<h2>Musk Feels That Cryptocurrency May Harm to Your Mental Health</h2>
His warning comes after the price of Bitcoin dropped by more than 7% in less than a minute on Thursday before swiftly recouping the whole loss.

This week's cryptocurrency market has been particularly volatile, with the<a href="https://www.cryptoknowmics.com/news/elon-musk-confirms-he-doesnt-hold-shiba-inu-tokens/"> Shiba Inu coin</a> taking center stage.

Meanwhile, Ether, the <a href="https://www.cryptoknowmics.com/news/ethereum-price-surges-to-new-ath-above-4400/">second-largest</a> cryptocurrency, just reached a new all-time high of $4,416.

While the billionaire owns Bitcoin, Ether, and Dogecoin, his cryptocurrency holdings are unlikely to be large enough for him to be concerned about cryptocurrency prices. 

Tesla CEO Elon Musk's net worth has crossed a mind-boggling $300 billion.

Musk recently tweeted that he purchased the aforementioned coins "out of curiosity," and that he does not own a Shiba Inu.
<h2>The Addiction to Cryptoassets is Real</h2>
Musk’s fears are not without merit. A poll indicated that Bitcoin investing causes stress and mood changes among college students. 

[embed]https://twitter.com/BillyM2k/status/1453795961063477252[/embed]

For people who are addicted to Bitcoin trading, there is a treatment center in Scotland.

Castle Craig, headquartered near Edinburgh, has already treated 15 cryptophytes. 

Although cryptocurrency addiction has yet to be recognized as a distinct disorder, it is similar to compulsive gambling. 

People get hooked on volatility because of social media and the promise of enormous rewards.
<h2>Will the Crypto Market Restore?</h2>
Bitcoin’s value has dropped more than 30% this month, yet it is still 300 percent greater than it was last year. 

The drop on this site may be viewed as a minor hiccup for an asset with enormous potentials, such as Bitcoin.

Elon Musk's skepticism about Bitcoin's environmental impact did, in fact, influence market sentiment. However, it was not the primary cause of the market's decline.

Many other things, like his tweets, just catalyze pushing investor sentiment.

Extreme volatility is not a new phenomenon, but rather an inherent feature of this new asset class. Cryptocurrency is not owned or controlled by a single person or entity. 

It is a self-contained community. While there may be trigger points for investor mood, exchanges such as CoinSwitch Kuber feel that the long-term prognosis for cryptocurrencies remains favorable.

Elon Musk Believes that Cryptocurrency Might Harm Your Mental Health

According to a recent tweet by Tesla CEO Elon Musk, monitoring cryptocurrency prices might harm and lead to mental health issues.

Kavya Barua is a voracious learner who is fascinated by crypto and Fintech advancements. Graduated from Janki Devi Memorial College's B.A (Hons) English program at the University of Delhi. She aspires to be a successful professional, having a keen interest in learning and achieving results.

Elon Musk Believes that Cryptocurrency Might Harm Your Mental Health

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