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 highly doubt any insurance company would cover someone's loss due to getting phished, hacked or scammed. Oh and one thing, those are not bitcoins vulnerability. Those are peoples stupidity for falling for those scamming, phishing and hacking. People should be careful when surfing the web and must make sure they are know where they are going. They should also make sure that their computer is secure. Instead of saying bitcoin is sometimes vulnerable, you should be saying people are sometimes vulnerable and naive.
But yeah, no insurance is going to cover those. There are some insurance that do cover online frauds and scams (but rarely), but when it comes to bitcoin, they won't. First of all, its going to be hard for them to proof if they really got scammed or is trying to claim through insurance fraud.