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- Didi Taihuttu, the patriarch of this Bitcoin Family, said that the family would set its root in Portugal, Europe’s crypto heaven.
- This all started in 2017. This is when the patriarch Taihuttu noticed that the currency seemed very promising and took an enormous risk of a level most people are scared to even think about.
- “That’s the bitcoin life,” he said.
The Bitcoin Family– Ever heard of them?
Okay, hear about them now.
So, this is a family who emigrated to Portugal. The reason is the 0% tax policy on cryptocurrency in that particular region.
Didi Taihuttu, the patriarch of this Bitcoin Family, said that the family would set its root in Portugal, Europe’s crypto heaven.
You can guess the number of their profits by the fact that the family has spent the last five years traveling to, guess how many?
A Whooping 40 different countries…
The “Bitcoin Family” is down more than $1 million on their bitcoin investment since the world’s most popular digital coin peaked at around $69,000 in Nov. 2021 — but patriarch Didi Taihuttu is as bullish as ever.
When asked, Taihuttu told the press that they are buying bitcoin daily. They have also said that the lesson he has in these last couple of years is that the whole world is getting scared, freaking out, and frightened from the fact that bitcoin may crash.
Anyways, it doesn’t scare him. He is buying bitcoin more than ever.
This all started in 2017. This is when the patriarch Taihuttu noticed that the currency seemed very promising and took an enormous risk of a level most people are scared to even think about.
Yes, they liquidated everything they owned. This includes a 2500- square feet house and all of their earthly possessions! Poor neighbors thought they were entering into Buddhism by renouncing material possessions. Little did they know the family was moving towards a multi-millionaire lifestyle.
At that time, the coin was trading at 900$. Today, the worth of that bitcoin is $20,958.
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The Mindset of The Family
Taihuttu has often sold off his bitcoin and bought back in afterward, repurchased all in. Yeah, I know what you are thinking.
He is a risk-taker.
“That’s the bitcoin life,” he said.
The man sold 15% of the total bitcoin holdings of the family in late November last year. This happened when the prices fell to the $55,000 price level.
″$55,000 for me was the confirmation that we would go lower.”- said Taihuttu
Within these ten years of bitcoin’s existence, the currency saw two prolonged periods of price crashing. This was before it rebounded. But again, bitcoin lost more than 80% of its value last year during the crypto winter.
Yeah, you guessed right, it bounced back again, eventually to an all-time high.
“There is still an aspect in crypto that we are waiting to see if another shoe will drop, if another entity will fail if the credit cascade will continue,” said Matt Hougan, chief investment officer at Bitwise Asset Management, in an interview.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
