Often called the Bitcoin household, the Taihuttus made information again in 2017 once they liquidated all of their belongings for Bitcoin. Three years later, CNBC bought again in contact with the nomad household to seek out out that they’re nonetheless accumulating BTC and shopping for each dip they will.
A household that’s been promoting all the things for Bitcoin since 2017
Holding Bitcoin luggage has been touted as considerably of a life-style by the crypto group, however few have embraced it as a lot because the Taihuttus, a Dutch household that bought all the things that they had for BTC again in 2017.
Didi Taihuttu made information three years in the past when he liquidated all of his household’s belongings—together with a worthwhile enterprise and a 2,500-square-foot home—and traded all of it in for Bitcoin.
“We stepped into bitcoin, as a result of we needed to alter our lives,” the 42-year-old father of three informed CNBC.
Since 2017, the household has been residing a nomadic life-style, visiting 40 international locations whereas staying true to their purpose of not having a lot by way of private possessions.
Whereas this might sound excessive to many, Taihuttu doesn’t appear to have an issue hodling. He informed CNBC that the majority of his BTC was purchased in early 2017, when it was buying and selling for round $900.
In it for the lengthy journey
Bitcoin’s fall from its $20,000 ATH a number of months later hasn’t deterred Taihuttu from investing within the cryptocurrency. The insanely inflated crypto bubble started bursting on the finish of 2017, with Bitcoin dropping to $3,000 in early 2018.
Nevertheless, Taihuttu saved his outlook optimistic and determined to double down on his funding:
“When bitcoin dipped, we began to purchase extra.”
Now a crypto veteran, Taihuttu holds a particularly bullish view in terms of the crypto market. When requested whether or not he believes Bitcoin’s newest rally may very well be one other bubble, he stated that he didn’t consider that demand for Bitcoin goes down because it did in 2017. He believes that the market is at the moment headed for a provide disaster, CNBC reported, including that there are clear variations between the 2 rallies.
“When PayPal begins to promote bitcoin to its 350 million customers, in addition they want to purchase the bitcoin someplace,” stated Taihuttu. “There will likely be an enormous provide disaster, as a result of there received’t be sufficient new bitcoins mined on a regular basis to satisfy the necessity by big corporations.”
In response to Taihuttu, the market might see a minimal pea of $100,000 in terms of Bitcoin. Nevertheless, he stated that it wouldn’t come as a shock to him if Bitcoin hits $200,000 by 2022.
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