Post
Topic
Board Bitcoin Discussion
Re: Can bitcoin get an insurance?
by
mindrust
on 13/11/2020, 18:12:38 UTC
Bitcoin as an asset or property is like also having a real property or a car that usually needing insurance to cover expenses whenever nad things occur for that property.

Bitcoin was created as decentralized digital currency, but also consider as an asset. Bitcoin is sometimes vulnerable like getting stolen from phishing sites, hacking and scamming other people is a  form of damage to bitcoin.

Is there any chance that bitcoin can have an insurance from its vulnerabilities in the future?

What do yoi think?

I don't think any company would provide insurance for crypto assets because they are too volatile.

Maybe if the insurance company invests in crypto then there is a possibility but the volatility is still a problem. Nobody would take that kind of risk.