Bitcoin as a Decentralized Cryptocurrency has no physical structure just like the bank. It’s basically stored in a digital wallet/account being operated from a mobile device and its security embedded there also. In creating Defi wallet or block chain account no available section for next of kin or third party details Its always advised to keep Recovery Phrase details secret in save location, these will help in recovering the wallet.
Literally bitcoin details remain secret and personal to me. If I continue to keep my details secret of what use would it be to me when I’m no more and my love ones can’t benefit from my bitcoin? Here is my question what happens to the bitcoin of someone who died and didn’t disclose his/her wallet details to anyone? please I need response . Would the bitcoin be abandoned in the wallet forever?? Would it be a waste of bitcoin?
Such is life,because if someone dies nothing can retrieve his assets except that it has a successor who knows the rudiments of everything that belongs to him, so relating it with cryptocurrency, is very clear that if someone dies and left some bitcoin and the person to write out the private keys in any document it's very easy to use it's bitcoin but a process whereby no private keys automatically the coins has been loss, so it's advisable since we know that the only source to get our coins when we are in sick bed or no longer in existence is to write our private keys out as I said initially from my statement.