You may have bitcoins in your wallet or stored on an exchange, but that does not necessarily mean these bitcoins belong to you.\u00a0 Hard to grasp? In an article from August 2019, titled \u201cGood Title Is Not a Key,\u201d Dr. Craig Wright wrote: Anarchist anti-government and anti-law promoters of Bitcoin will tell you that if you don\u2019t have your keys, you don\u2019t have your bitcoin. Unfortunately for them, keys are not law. Private keys make access to funds difficult. They don\u2019t prove ownership of property rights, which never was the intention of Bitcoin. In another article from March 2020, titled \u201cThe Property Flaw of Lightning,\u201d Dr. Craig Wright wrote: Bitcoin tokens are property. Following the purchase of bitcoin where you haven\u2019t met customer due diligence (CDD) and know your customer (KYC) requirements and recorded the identity of the person you\u2019re attempting to buy from, you face a scenario where good title does not pass. Why do I bring all of this up now? Because the reality of property rights concerning Bitcoin is unfolding right now and we can consider this a new phase \u201cin crypto.\u201d Litigation law firm ONTIER LLP already offers recovery services for lost bitcoins as can be seen in their press release. Other token recovery services are also available. More services like that are to be expected. It is a growing market. What are these token recovery services doing though? It\u2019s basically tracing bitcoins and other digital assets for their customers and clients who have proof of ownership. Once the stolen or lost coins enter the exchange markets, they can be frozen by the exchange and returned to the owner. Or one gets a court order to actually move coins directly. Dr. Craig Wright is on his way to recover bitcoins that he lost access to. It is happening right now.\u00a0 Imagine all of this in the next few years. It may totally change the digital asset markets, as participants will pay a lot of attention to the source of bitcoins and other coins from now on. Anonymous trading will be difficult. Nobody will want to touch these coins.\u00a0 Tainted coins. Criminal coins. Lost coins. Undefined coins. Risky coins.\u00a0 Investors may have to reevaluate their investment thesis concerning digital assets taking token recovery services into consideration. Do they even know? Is it priced in already? I have no idea.\u00a0 \u201cYour\u201d bitcoins may not be your bitcoins. \u201cYour\u201d bitcoins may move back to the owner. For all the superficial digital asset promoters that have never thought about the legal side of things, token recovery services may sound like voodoo, necromancy and alchemy at the same time.\u00a0 It is none of these though, it simply is property rights.