From "Crazy" to Legend: The Bitcoin Family's Rise to FameIn 2017, a Dutch family made a shocking decision - they sold everything they owned and bought Bitcoin with all their savings. At the time, they were ridiculed as "crazy" and even thought to be mentally unstable
From "Crazy" to Legend: The Bitcoin Family's Rise to Fame
In 2017, a Dutch family made a shocking decision - they sold everything they owned and bought Bitcoin with all their savings. At the time, they were ridiculed as "crazy" and even thought to be mentally unstable. However, three years later, Bitcoin has reached new highs, and the family's choice has finally been vindicated. Their story is not only a legend, but also a testament of faith and solace for countless people in the crypto world.
1. Selling Everything for Bitcoin: The Crazy Bitcoin Family
In 2017, Didi Taihuttu and his family made a bold decision: they sold their profitable company, their 200-square-meter house, their cars, clothes, even their children's toys, leaving only the most basic "survival supplies." They then converted all their remaining assets into Bitcoin. This move made the Taihuttu family the "Bitcoin Family" in the eyes of the media. Afterwards, they embarked on a global "backpacking" trip with their whole family, traveling through 40 countries and regions in three years, constantly promoting their support and belief in Bitcoin along the way.
At the time, the Taihuttu family's decision was ridiculed by many, who thought they were crazy. This view was even more prevalent after the long bear market. However, the situation has changed dramatically recently.
2. Bitcoin's Price Dropped to $900, but He Bought More. He Never Sold When It Rose.
In an interview with CNBC, 42-year-old Didi Taihuttu said, "We got into Bitcoin because we wanted to change our lives." In early 2017, he bought most of his Bitcoin when the price was only $900. Soon after, Bitcoin experienced a bull market in mid-December 2017, soaring to $20,000 at one point. However, Didi Taihuttu didn't sell. Instead, he continued to buy at the peak.
In 2018, Bitcoin's price plummeted, and the market plunged into a major bear market. Faced with immense pressure, the Taihuttu family remained steadfast in their holding of Bitcoin. He said, "When Bitcoin went down, we started buying more." He firmly believes that Bitcoin will rebound significantly in future bull market cycles, even predicting a peak of $100,000, potentially reaching $200,000 in 2022.
As the legendary investor Warren Buffett said, "Be fearful when others are greedy, and be greedy when others are fearful." Didi Taihuttu's unwavering faith and actions were ultimately rewarded. Bitcoin's price has been steadily climbing, and the Taihuttu family's assets have seen a multi-fold increase.
3. Unlike 2017, Institutional Investors Are the Driving Force, Giving Confidence to Crypto Enthusiasts
The Bitcoin rebound in 2020 and 2017 is different. This time, institutional investors are the main drivers, and the industry's regulation, legitimacy, and stability are continuously improving. Mati Greenspan, investment manager at QuantumEconomics, said, "The 2017 rally was mainly driven by retail investors, while this year we've seen a huge influx of corporate entities and institutional wealth managers."
Old-school billionaire hedge fund managers Stanley Druckenmiller and Paul Tudor Jones have both publicly stated that they hold Bitcoin, and large fintech companies like Square and PayPal have also embraced crypto products. The entry of these institutions has not only enhanced Bitcoin's credibility but also injected newfound confidence into the crypto community.
4. From "Crazy" to Legend: A heartwarming ending
For Didi Taihuttu, Bitcoin's development is not just about making money. He has donated half of his earnings to charity, and his family of five has spent the past four years together, traveling the world, spreading the message of a decentralized digital currency's bright future.
The Taihuttu family's story, from "crazy" to legend, not only showcases the immense potential of Bitcoin but also conveys the power of faith and perseverance. In the crypto world, such stories are not just inspiring, but also hopeful.
Conclusion
The Taihuttu family's rise to fame is not just a legend of personal wealth, but also a journey of confidence for the entire crypto community. No matter how the market fluctuates, sticking to your beliefs and having a long-term vision will eventually lead to success. Their story tells us that sometimes, the craziest decisions are the wisest ones.
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