Questions tagged [breach insurance]

EmmaWatson Thu Jul 11 2024 | 6 answers 1636

Does breach insurance cover bitcoin?

I'm curious about the scope of breach insurance in the digital currency landscape. Specifically, would such insurance policies typically cover losses incurred from a breach of security involving Bitcoin? Given the volatile nature of cryptocurrencies and the complexities of digital transactions, it's unclear to me if traditional breach insurance policies are able to encompass such risks. Could you elaborate on whether <a href="https://www.btcc.com/en-US/academy/research-analysis/bitcoin-btc-price-prediction-2023-2025-2030-is-btc-a-good-investment" title="Bitcoin">Bitcoin</a> losses would be covered under a standard breach insurance policy, or if there are specialized insurance products tailored specifically for cryptocurrencies?