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Losses in crypto markets are considerably massive. Every day, more than $10 million is lost. What’s worse, $14 billion in crypto was stolen in 2021 alone. (Credit: Igor Faun/Shutterstock.com) Losses in crypto markets are considerably massive. Every day, more than $10 million is lost. What’s worse, $14 billion in crypto was stolen in 2021 alone. (Credit: Igor Faun/Shutterstock.com)

There are few guarantees in life, and this is especially true with so much volatility coming from everything from supply chain issues, pandemic surges, inflation and war. Major world markets have been rising and falling along with the sentiments of the day. As for the cryptocurrency markets, they never close and are even expected to be even more volatile and certainly not for the faint of heart.

Losses in crypto markets are considerably massive. Every day, more than $10 million is lost. What’s worse, $14 billion in crypto was stolen in 2021 alone. In addition, while 50% of Americans believe that crypto is stable enough to invest in, a major hesitation in the market is that there is a lack of a safety net when it comes to the lack of a centralized authority that could otherwise be there to control a user’s login data as well as securing their assets. This is where cryptocurrency insurance should be able to help fill the gap for many in their risk tolerance.

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