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ARTICLE · 11 APRIL 2022

Explosive Growth Of Cryptocurrency Creates Estate Planning Needs For Investors

Harris Beach
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With thousands of different types currently available and explosive growth in popularity and circulation, cryptocurrency is quickly becoming an important part of the modern-day estate plan.

United StatesTechnology
Ryan J. Belanger
Ryan J. Belanger

With thousands of different types currently available and explosive growth in popularity and circulation, cryptocurrency is quickly becoming an important part of the modern-day estate plan. Cryptocurrency is digital currency that can be used as a system of exchange to purchase goods and services. One of the biggest draws to cryptocurrency in recent years has been its use of blockchain technology to record and manage transactions. A blockchain is essentially a digital ledger of encrypted transactions that is duplicated and distributed across the entire network of computer systems on the blockchain. The innovation with a blockchain is that it guarantees the reliability and security of this digital ledger and generates trust without the need for a centralized trusted third party.

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