Updated: Apr 29, 2020
Bitcoin bunker customers are willing to pay a premium to support advanced layers of security, specialized personnel, military-grade vaults, and abandoned bunker locations to secure their cryptocurrency assets. With the financial gains given the rise in cryptocurrency value, the added costs aren’t sharply felt. Expect to see these costs decrease as the bitcoin custodianship market becomes more competitive.
The interest in bitcoin bunkers by individuals, companies, and agency holders of cryptocurrency has increased in the wake of lucrative crimes. The rise of hacking, extortion, kidnapping, and robbery, involving a cryptocurrency demand is increasing the need for such solutions
CipherTrace reports hackers stole about $1.7 billion in cryptocurrency in 2018. According to Chainalysis nearly $1 billion of that amount was snatched from cryptocurrency exchanges by two highly proficient criminal groups. These estimates merely represent the amount of cryptocurrency taken that can be validated. The actual amount of stolen bitcoin assets in 2018 is likely more substantial. Criminal groups are hiring highly skilled computer scientists and paying them extremely well to carry out their heists.