Who owns the bitcoin after someone died? How to state this in the will? Please share your thoughts.
They need to leave all email passwords, phone numbers, all related Bitcoin wallets. Because if they do not let the family know, then the Bitcoin number will be lost.
Bitcoin is not the same as gold or bank deposit, it does not identify the account owner or the family account holder. It just password and lock, email, phone number ....
That is the I think the ideal scenario, if the person who died would leave every safeguard detail like passwords and the likes to someone so that he can have access to their holdings. However, in the event that they didn't leave anything, then the holdings will just be there in stash and won't be used until the time it would be dissolved or at least be excluded in the count of asset in the circulation. However, since there is a ceiling with regarding to the circulating quantity of any coin in the market, then the amount of circulation would be decreased that if the holding is of a substantial amount, it may actually be a contributing factor to decrease the supply, and thus if there is an increase in demand, it will have a hand in making the price of the coin a tad little higher.