Inside the world of high-end crypto-rehabilitation centers, where a 4-week stay can cost you $320,000 and no luxury is spared
While the crypto industry made a few people very rich, it also came with problems – including addiction. Enter: luxury crypto rehab centers.
Below, Insider has taken a look at the price tags and offerings of three luxury crypto centers around the world, each claiming to be the best in their field.
The balance: A 4-week stay starting at $192,000
[The Balance, Campo Gran, Spain. The Balance]
“With crypto addiction, it’s all 24/7 and there’s no market closure,” Abdullah Boulad, founder and CEO of The Balance, a luxury crypto rehab center, told Insider. “That’s why we say it’s like a casino in your pocket,” he added.
Boulad started the crypto program about six years ago in Switzerland and said he sees about a hundred customers a year. Most of these are entrepreneurs between the ages of 30 and 45 and are mostly men, he said.
[The Balance owns 10 properties across Mallorca, Zurich, and London. The Balance]
Today, The Balance has 10 properties across Spain, the UK and Switzerland. It calls itself “the world’s best luxury rehabilitation center and mental health clinic” and a “safe haven where you can find recovery, peace, rest and happiness.” People in the rehabilitation program get access to a personal manager, a chef and 70 specialists such as doctors, psychologists and psychotherapists, per Boulad.
It doesn’t come cheap: A typical four-week crypto rehab program at The Balance costs between €180,000 and €300,000, or $192,000 and $320,000.
The Diamond: $25,000 for 28 days of treatment
[At The Diamond in Thailand, 15 villas sit atop a mountain overlooking the Andaman Sea. The Diamond rehab center, Thailand]
In Asia, $25,000 for 28 days will get you an “ultra-custom” treatment at The Diamond, a luxury rehab center in Phuket, Thailand, CEO Theo de Vries told Insider.
Here, 15 rooms sit on top of a mountain overlooking the Andaman Sea. De Vries said clients have access to five clinical psychologists, four clinical addiction counselors, a psychiatrist, 24-7 nurses, four clinical support staff and eight 5-star Thai hospitality staff.
[The Diamond rehab center, Thailand. The Diamond rehab center, Thailand]
And then there are the property’s luxury offerings: a spa, golf, boat trips and sports activities.
“Anything possible without using drugs or alcohol,” de Vries said, adding: “Phuket is the perfect place for this type of clientele.”
The Diamond began offering crypto rehab services in early 2021. About one in 40 inquiries de Vries receives is about crypto addiction, he said. These inquiries seem to remain constant, regardless of market fluctuations, he said.
Paracelsus Recovery: $100,000 per week for a 4-week program
At about $100,000 a week, Paracelsus Recovery offers a four-week residential treatment program to treat crypto addiction.
Paracelsus began offering the treatment in 2020, CEO Jan Gerber told Insider.
Paracelsus — which owns four residences in Zurich, Switzerland — offers lakefront properties complete with a “private chef and maid, a private client suite in the residence and a separate suite for a 24-hour live-in therapist,” according to Gerber.
[Paracelsus Recovery residences. Paracelsus Recovery]
Services at Paracelsus include the use of Bentley limousines and a dedicated driver for appointments or excursions, Gerber added. They can even arrange a piano for a client who wants to hone their skills and set up high-end sound systems, gaming consoles, VR and even Netflix for customers, he said.
Since 2020, the center has treated two or three clients annually for crypto addiction.
