As your investments begin to mature into a considerable amount, while you consider the security and safety of it, it is also important that you consider the situation where you die suddenly and your Bitcoin gets lost; no investor would want that except they have no family and friends worthy enough for it.
This is true and many of us think about it in this manner. I use to wonder why is such an early age when registering for something that is money incentive, work or anything of such, you’ll be asked of next of kin and I wonder why they do so even if you’re yet to be married, but I now know why that is being asked as such a young age. Life is not certain and death can come to us at anytime whether prepared or not, so it’s important to have a plan in place that will reward those that will benefit from our wealth after we have gone.
Bitcoin has to do more with security and privacy but it is important to prioritise those we are saving for also, our family to also have a clue on how to access this our wealth. Wealth creation is never meant for the creator only but for those close to him the most, especially the family members to get to enjoy from their pool of riches. No wonder banks makes next of kin an important part of their necessary documentation when banking with them.