Very Important

What Happens to Cryptocurrency When You Die?

A young man died in Colorado this year, his family was little knowledge that he was investing in Bitcoin, the digital currency that cost was previously very little in 2013 but now now chances climbed as high at $5000

The grieving family stood to inherit a small fortune—that is, if they could only find and access the cryptocurrency.Bitcoins are a virtual form of money protected by unbreakable cryptography. This attribute makes it a secure way to store wealth but also creates the risk that when Bitcoin owners die, their digital fortune will be out of reach forever. That’s a major problem for the relatives of tech-savvy individuals who have invested in a market currently worthabout $70 billion.