Key facts:
The Taihuttu family sold their house and all their possessions in 2017 to buy bitcoin.
Although the current fall has affected them, they assure that their investment grew 2,000% and they bought more BTC.
The Dutch family known as “The Bitcoin Family” has revealed that it has lost more than $1 million worth of bitcoin (BTC) since its all-time high. However, that does not discourage her from continuing to believe in the bullish future of the cryptocurrency. And she reveals that she continues to buy into the current bear season as she believes her bottom is coming.
Didi Taihuttu, the man of this family made up of a married couple and their three daughters, counted enthusiastically told CNBC that his investment in bitcoin grew 2,000%. Although they have been affected by its price drop from almost $69,000 eight months ago to $19,000 now, they warn that they are still in profit.
That’s because his investment in the cryptocurrency began years ago when it was worth $900. With much bullish conviction, Didi recounted that in 2017 they sold their 232 m² house and all their possessions to buy bitcoin and start a nomadic life. This decision has allowed them to enrich themselves with the appreciation of their price over time and take profits from time to time.
Since then they have been traveling and sharing their experience through their YouTube channel called “The Bitcoin Family”, where they have almost 70,000 followers. They are currently living in Lagos, Portugal, a place where they opened a beach bar that accepts payments in cryptocurrency.
“I am no longer part of the system. I made a change in my life for Bitcoin”, He says Didi reflecting on one of his YouTube videos.
The Bitcoin Family Believes Now Is “The Final Time To Buy”
The father of the family reveals that one of the moments when they decided to sell part of their savings to take a profit was close to its all-time high eight months ago. He estimates that Analyzing the market, he could notice that a setback was coming and he sold 15% of his holdings in bitcoin. in November 2021. “USD 55,000 for me was confirmation that we would go lower,” he says.
It also indicates that, far from being scared by the drop, you have decided to buy more during the downtrend. And he reckons that, with bitcoin now trading at $19,000, “the final moment of buying” has arrived. His market analysis makes him think that the cryptocurrency is currently close to bottoming out to start a bull run.
“While the whole world is freaking out and thinking bitcoin is going to crash, I’m slowly backing away and buying bitcoin on a daily basis,” Didi said.
From your perspective, estimates that bitcoin will bottom out above $15,000 and hit $140,000 by 2025. This projection is close to the one shared in CriptoNoticias last month by strategist Mike McGlone, who estimates that USD 100,000 could reach that year.
“Little by little, people will understand that being in bitcoin and hodling is more profitable than always trying to catch that altcoin that will be multiplied by thousands,” says the father of The Bitcoin Family.
As part of their bullish belief in the top cryptocurrency on the market, the Taihuttu family concludes that they don’t just invest in it. He also accepts it as a payment method at his new beach bar. Didi sums up that she wants to “lead by example” in the area and he hopes that in 6 months all the businesses on the beach will accept bitcoin.