Do you believe there is a strong correlation between Bitcoin and an insurance policy? Replace the word insurance with Bitcoin. Insurance (Bitcoin) is a financial product that provides protection against potential financial loss. Insurance (Bitcoin) fundamentally helps individuals and businesses plan for the future with more certainty by mitigating the financial impact of life's uncertainty. Premium: The amount paid by the policyholder to the insurer (Bitcoin Network) for the coverage. This can be a one-time payment or more commonly, periodic payments. Coverage: The specific risks or events the insurance (Bitcoin) will cover. Bitcoin's coverage has few limitations and is determined by you. Deductible: The amount the policyholder must pay out-of-pocket before the insurance coverage kicks in. Bitcoins deductible payment is time!