Have you ever wondered what will happen to your cryptocurrency when you die, for those holding huge funds, what have you put in place to make sure your kids or family benefit from your crypto savings.
This is quite fascinating because if you know someone with huge crypto savings and he gave up the ghost, I wonder how such families would benefit from his savings since he alone has the private key to his/her wallet.
I guess this is one reason some user still prefer banking Institutions, because they made provision for next of kin unlike crypto.
So my question is what happen to those crypto when the owner of such wallet is no more and no one has access to such wallet?
if we have a family, of course, the wife will try to find out our wealth, so if we have wealth in crypto, of course, we will share experiences with the wife on how to use it. therefore after we are gone, someone continues it. but if we are still alone and suddenly gone, the crypto will not be anything because no one knows the address of our wallet and how to operate it.