Hello guys just don't get me wrong. As we all know that one day we have to die. So for this I was wondering that if we have at east 1 million dollars in cryptocurrency or just couple of buck like me
and nobody in our family and also friends do not know anything than what should be the possibility.
We all know that death is unavoidable, but if we die today without informing any of our relatives, family members, or friends about our Bitcoin and wallets, we will die with our assets because they will be unable to retrieve your assets because they do not have your private key.
I think that's the reason still there are millions of BTC that are still missing cause of lost key or dead Bitcoin holders too.
I think we should at least make backup file and should transfer in Bank Safe so that when they receive than they know how to retrieve it.
It is preferable to be your own bank, which is why Blockchain technology is preferable because it is transparent. Bitcoin gives us complete control over our wealth; taking such a file to a bank, as you stated, exposes your privacy, which is against Bitcoin; your privacy is very important, so such backup is not recommended. Because of such deaths, you should inform any of your family members about your wallet and private keys.