How many coins are you confident in to still do well after a couple of years? After you have already passed away? How many coins would you want to pass on to your children? For me, the answer is bitcoin. It is one of the few, if not the only one, I am confident that will still have good value over 10 or 15 years or maybe even more. It has always been a topic of discussion how to pass on the bitcoins we are holding now when we pass unexpectedly or not.
If I am keeping cryptocurrency as an inheritance for my dependents, it would be Bitcoin only. I don't have confidence in any altcions.
Well, Binance founder CZ has suggested a function to be used in binance where one can set up a will and put in a contact to which the coins will be given to after you have passed. Either the coins will be passed to your trusted person if the account is inactive for a specific amount of time or your family can submit a death certificate. This sounds to me a fool proof function. Could there be downsides to this function?
See
here.
This option might be favored by many since some people don't make plans about their future. Since crypto owners are within their youthful age they might think it is needless to make plans for death. This has led to a high amount of unclaimed assets or funds due to untimely death.
I wouldn't keep my assets in a centralized platform because it's unsafe. My dependents already know what to do if I am no longer alive because I have exposed them to Bitcoin.