I have come to stay in this community and thought of one thing which has been bothering me.
Relating from our traditional banks where a bank customer dies and all his assets remains unclaimed by his relatives. I was once told that there was a bank manager who withdrew funds from there customer dormant accounts hopefully that the owners are dead as those account has been dormant for years without any form of activity on the account, it happens when no relative knows about the account for them to lay claims.
Similarly to bitcoin what happens in the event of my dismissal since no relative knows about my investment. It doesn't really make sense if my family can't enjoy my wealth. Will it be lost or is it good to entrust someone incase I'm no longer there?
If Bitcoin holder died and lost access to the bitcoin it favors other Bitcoin investors, the asset doesnt really go to waste, it helps the scarcity of Bitcoin but with banks its a different story.
Even if the spouse go ahead and tries to claim the money that belongs to the deceased the bank can deny them all possibilities, unless the spouse are big people in the society, they will have to hire a lawyer and spend some money doing so too.
If I had to choose I would prefer to hold Bitcoin and if I died I would either take the supply off the Bitcoin Max supply or give it to someone very close to me, I will never leave any significant amount in my bank account.