Imagine this scenario. January 2013, you buy 100 Bitcoins for $1300 not thinking too much about the new cryptocurrency and the small amount of money you’ve spent.
Fast forward five years and you realise your 100 Bitcoin are now worth $1.3 mln. But you have forgotten the password to your Bitcoin wallets - denying you access to your million dollar fortune.
It would be a nightmare of epic proportions. You’d probably rather face Jason from Friday the 13th than not be able to access your Bitcoin wallet.