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Author Topic: What happens to those Bitcoins that the owners have passed away?  (Read 684 times)
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January 03, 2026, 02:06:55 PM
 #81

~snip

That's the reason how important for people to tell this information to their trusted family member so that they can make sure that their funds will be used by their family if there's unfortunate incident happen to them.

It is very important that we do this at some point, but a lot of people literally don't have any plans for this because of different reasons. There are those who probably have trust issues, and those who just don't want to take the chance despite knowing that they' have good people around them.

The truth is, whether we like it or not, there are those whose holdings are going to go with them. Death most times can be unpredictable, and that's while those who ends up sharing their info with close relatives are likely to leave their holdings in the hands of others.
Some people have trust issues, that's correct but I think that the biggest problem is that usually, young people have Bitcoin addresses and their family members, mother and father, who are above 50 in most cases, don't know what Electrum is and how to download it on a computer or a smartphone and how to recover the wallet with seed phrases.
I have some Bitcoins in my wallet but I keep my seeds as only my secret because my family members won't be able to claim them and I can't trust my friends with my coins, despite the fact that they are my very close friends. If my family knew how to claim them, I would tell them but at this point, I'm afraid that they'll ruin it.

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January 03, 2026, 02:42:43 PM
 #82

That is why Bitcoin is a valuable asset, it places full responsibility in our own hands. If we make even a single mistake and lose access to our wallet, those Bitcoins are no longer ours.
If you have full responsibility of your coins, like you do when you hold BTC, then if you lose your BTC, it is lost for good. With fiat that is centralized, there are certain situations in which the bank can aid you to freeze and return lost funds, but not possible with BTC's in self custody and it can only happen in custodial platforms or with people who use shitcoins like usdt that can be frozen in any wallet at all.

However, custodial platforms take advantage of this by recommending that people store their funds in their custodial wallet, so they'll keep it safe for them. I.e. the idea of 'Funds are safu', which isn't true. Your funds are only safe when you have full custody of it.

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January 03, 2026, 03:51:50 PM
 #83

If you have full responsibility of your coins, like you do when you hold BTC, then if you lose your BTC, it is lost for good.
If people secure their Bitcoin wallets well, and if they don't give it as inheritance to any other people, when they pass away, their bitcoins will very possibly be lost for good, as donation to all other Bitcoin holders.

satoshi already posted about it.
Lost coins only make everyone else's coins worth slightly more.  Think of it as a donation to everyone.

If people don't secure their Bitcoin wallets and bitcoins well enough, when they pass away, someone else might be able to access their bitcoins by accessing wallet backups or decrypt their Bitcoin wallet files.

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January 03, 2026, 11:16:36 PM
 #84

But for those who didn't leave the information behind then their crypto would be part of the lost coin, it would remain part of the supply but it would surely contribute to make the price higher since the supply would be lessen while the demand is increasing.
No coin is actually lost unless it is one which has been sent to a Genesis address or an obvious address without a private key attached to it. If not, as long as the wallet key was backed up somewhere, even if the person is dead, there is a high possibility that someone could gain access to it in the near future. future.

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January 04, 2026, 07:51:18 AM
 #85

Lost Bitcoin will remain lost forever unless someone found them first maybe through leaked recovery seed, or one of the deceased family member found the recovery seed. I wouldn't let this bother me much because those who failed to share their keys with their loved ones are also doing us a favour.

Lost bitcoins makes Bitcoin to be more scarce, they are forever locked away it seems, meaning it's beneficial for other holders that are still very much alive.

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