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Check out the new hardware wallet Ellipal HERE: https://order.ellipal.com/?ref=5c08236b8e68e
Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef
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LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW
QuadrigaCX: https://www.coindesk.com/quadriga-creditor-protection-filing
BTC Estate Planning: https://www.livebitcoinnews.com/bitcoin-estate-planning-what-happens-to-your-cryptocurrency-holdings-after-you-die/
More here: https://www.bitcoinmarketjournal.com/bitcoin-estate-planning/
Third Key Solutions: https://thirdkey.solutions/
Wealth Management: https://www.wealthmanagement.com/estate-planning/estate-planning-bitcoin-explained
If you have ever found yourself wondering what’s so bad with using centralized exchanges, that is, exchanges that store your cryptocurrencies for you, one need not look further than this past month. We saw the CEO of a South Korean exchange get prison time for falsifying the trading volume on his exchange, we saw an exchange in New Zealand get hacked, lose complete control of the majority of their holdings to the point where three weeks later the hackers are still draining the wallets. And now after the death of the CEO of a Canadian exchange, roughly 26 thousand Bitcoins have been lost for good. This last one certainly points out the obvious flaw of centralized control over wallets that hold cryptocurrencies for other people, but it also touches on one morbid aspect to cryptocurrencies that I think is too often over looked.
Bitcoin isn’t a fad, it is a technology and financial tool that is here to stay and will only continue to prove its value over time. Take a moment to consider the importance of the investment you’ve made in this new emerging technology and consider the future value of your holdings. Chances are that value will far outlive you. Without trying to sound like an ad for a Bitcoin estate management firm, I just want to encourage you to create a backup plan for the worst case scenario. If you have kids or family members that would benefit from your foresight, or if there is a worthy charity or foundation that you’d prefer to support, think about how you should organize your assets to be transferred to them in the case of your death. There are some reputable companies that can assist you in this, I’ll leave some links down below if you’re interested in learning more.
This is a morbid video I know, but it’s something that we will all face in the end. But don’t worry, I did find the silver lining. If you pass on and your Bitcoin are frozen forever in your wallets, you’ll have at least contributed to decreasing the supply and making Bitcoin all the more valuable.
I've been thinking a lot about that too, suppose I'd better get a will drawn up.
Dies with you if it’s in your wallet.. ?
Does any one know how David Hay is in Venezuela/Columbia??? He was creating an important crypto project there under dire condiitons… cannot find any information about him. Thanks!
I would like to invest into a cloud mining what would be the best one and legit that you know of thank you love your videos
Please read this: https://twitter.com/TheRealLimitup/status/1091883947137658880
Good info. Like the music at the end.
so we are supposed to believe one person had control over 26000 bitcoin without a backup plan!? I find that extremely difficult to believe
Mine will go to bitcoin heaven. No one in my family has a clue.
dying's for fools
Not morbid at all. It's just the reality of this Experience. Way to keep attention to all angles. Always great info and insight! Salute Heidi
Hey can you make a review on the Uptrennd platform ? 🙂
Morbid….the new sexy. But, this is a discussion one should not ignore. I have thought about this. What happens if you get into a bad car accident or you depart this world tomorrow? Your family or whom ever could be out of a lot of potential cash.
They are not tech savvy they will see the bitcoin wallets, say what's this, and throw it in the trash.
(Must leave behind instructions for them.)
Have a contingency plan! Split your keys. Give one side to a loved one and the other in a safety deposit box with a will letting them have access in the event of your death!
Safe Haven SHA.
Anyone know that song at the end
…just a matter of time, sad loss of hard
earned $.
A mature Crypto will need insurance
I'm going to send all mine to the Genesis block before I die! Bwahahahahaha
If you pass on your crypto fortune. Will there be inheritance tax?
Thank you so much for addressing this topic. I know it’s an issue we never want to THINK of and definitely not want to discuss. However death is real and will happen to us all. I appreciate this video for the soul reason that I have been thinking about this since I have one child in college and want to leave my Bitcoin to him if something happens to me.
Thank you!!
Mini prayer: Please don't let me die without seeing you in person ?
Here is my last will and testament:
Heidi, you can have all my coins if I die.
Oh my-another thing to get in order!!?
Oooh I like the ending part silver lining.. very cool!
exzellent question.
I don't even want to think that
We just filed a patent to fix this exact quote of your video
Wow, dark