Meet “The Bitcoin Family” that lives a decentralized nomad life solely on Bitcoin. 43-year-old Didi Taihuttu has awife and three kids. They are known as the family that liquidated all their assets in 2017 to buy Bitcoin back when it was trading at around $900. Taihuttu is a true example of a Bitcoin enthusiast. According to him on his website, after losing his mother, and later his father, he “started reflecting life more and more and discovered that the life I was living was not the life I wanted to live. I experienced that Life could go very fast and that I needed to change.”
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The Dutchman sold his 11-year-old business along with everything he owned – from his house down to his children’s toys. Then he bought a van hit the road with his family to live a minimalistic nomad life, waiting for a crypto boom to happen. This was in 2017.
Taihuttu’s Long-Running Involvement In Bitcoin
Before he became popular, Didi had learned about Bitcoin as far back as 2013. He, along with two of his friends, started mining for Bitcoin. In Taihuttu’s words: “I am an entrepreneur, so when I first heard about bitcoin, I said: Let’s do this.” Unfortunately, that venture was unsuccessful, so he shut it down. According to him, he lost his faith in BTC during the crash in 2014.
BTC price now trending around $46,000 | Source: BTCUSD on TradingView.com
But that was not the end of his relationship with Bitcoin, as he kept crossing paths with the cryptocurrency. When he saw that more people started to buy Bitcoins, he deduced that what would follow would be a monetary revolution. And he was not wrong. This revelation was what prompted him to go all in. It is estimated that at that time, after selling all his assets, he managed to acquire about 100 Bitcoins valued at roughly $350k.
The family’s Secret Crypto Vaults
Thefamily has made a fortune from their investments and has decided to store this fortune in secret vaults. These vaults are located in different countries on four different continents. Taihuttu has two hiding spots in Europe, another two in Asia, one in South America, and a sixth in Australia, according to thisCNBCarticle.
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“I have hidden the hardware wallets across several countries so that I never have to fly very far if I need to access my cold wallet to jump out of the market,” said Taihuttu of the Bitcoin Family. The family told CNBC that the crypto stashes are hidden in different ways and a variety of locations, ranging from rental apartments and friends’ homes to self-storage sites. Taihuttu explained: “I prefer to live in a decentralized world where I have the responsibility to protect my capital.”
Didi Taihuttu And His Family’s Nomad Life
In 2017, the Dutch family embarked on a new life, documenting their travels onYouTubeand other social media platforms. “My wife agreed that we were very happy as a traveling family and that we needed to teach the kids that they can be very happy without all the luxury we used to have,” explained Taihuttu.
Featured image from yolofamilytravel.com, chart from TradingView.com
FAQs
Didi Taihuttu, along with his wife and three kids, liquidated all of their assets and bought bitcoin in 2017, back when it was trading at around $900. Now, the Dutch family of five is safeguarding most of their crypto fortune in secret vaults on four different continents.
What family bought Bitcoin at $900? ›
In 2016, Dutch national Didi Taihuttu, his wife and three daughters sold everything they owned to invest in Bitcoin when it was trading at only $900. “We sold everything we had – house, cars, motorbikes, holiday home, clothes, toys, furniture and [it] all went into Bitcoin,” Mr Taihuttu tells The National.
What happened to the Bitcoin bunch family? ›
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. “I'm buying bitcoin daily,” Taihuttu told CNBC by phone from a beach in Lagos, Portugal.
Who is the family goes all in on Bitcoin? ›
In 2017, Didi Taihuttu, his wife Romaine and their three young daughters, Joli, Juna and Jessa, sold all their belongings and put it all into Bitcoin.
Who is the family that went all in on Bitcoin? ›
“Is he a crazyman, a lunatic or there's something there?” In 2017, Father Didi Taihuttu, his wife Romaine and their three young daughters Joli, Juna and Jessa sold all their belongings and put it all into Bitcoin.
Who became the richest from Bitcoin? ›
Changpeng Zhao (CZ)
How much would you have if you bought $1000 dollars of Bitcoin in 2011? ›
In July 2011, two years after it was created, one coin cost $13.91. Back then, $1,000 would have bought you 71.89 bitcoin, which would be worth $2,785,737.50 today. That figure represents growth of 278,476.56%.
Who is the kid who got rich from Bitcoin? ›
Of course, Finman is biased: The teen crypto phenom used $1,000 his grandmother gave him when he was 12 years old to buy his first bitcoin when the little-known virtual currency was just $12 a token. By age 18, Finman had become a millionaire. (See more: Who is Erik Finman, the Bitcoin Millionaire Teenager?)
Where does the Bitcoin family live? ›
The family went living in Portugal because of the very positive tax rules on cryptocurrency.
Who is the 29 year old Bitcoin billionaire? ›
Bankman-Fried was a crypto wunderkind, dubbed the “world's richest 29-year-old” by Forbes when he was worth $22.5 billion in 2021. But then, FTX, the mammoth crypto exchange that he founded, came crashing down. On March 28, 2024, Bankman-Fried was sentenced to 25 years in prison.
Sam Bankman-Fried: Disgraced 'crypto king' jailed for 25 years after stealing billions of dollars from FTX customers.
Who is the girl that stole Bitcoin? ›
CEO of fake cryptocurrency OneCoin, Ruja Ignatova, is the FBI's most wanted woman. She stole billions, then vanished.
What person owns the most Bitcoin? ›
So, who are the top holders of BTC? According to the Bitcoin research and analysis firm River Intelligence, Satoshi Nakamoto, the anonymous creator behind Bitcoin, is listed as the top BTC holder as of 2024. The company notes that Satoshi Nakamoto holds about 1.1m BTC tokens in about 22,000 different addresses.
Who was the millionaire locked out of Bitcoin? ›
Stefan Thomas, a German-born programmer living in San Francisco, has two guesses left to figure out a password that is worth, as of this week, about $220 million. The password will let him unlock a small hard drive, known as an IronKey, which contains the private keys to a digital wallet that holds 7,002 Bitcoin.
How rich are the Bitcoin twins? ›
How much are the Winklevoss twins worth now? According to Forbes, Cameron Winklevoss's net worth was $2.7 billion, and Tyler Winklevoss's net worth was $2.7 billion as of May 30, 2024. Winklevoss twins' combined net worth in 2024 stood at $5.4 billion.
Who is the secret owner of Bitcoin? ›
Bitcoin was created by an anonymous person or group using the pseudonym Satoshi Nakamoto. Nakamoto published a whitepaper titled "Bitcoin: A Peer-to-Peer Electronic Cash System," outlining the concept of a decentralized digital currency. 1 The true identity of Satoshi Nakamoto remains unknown to this day.
When was Bitcoin at $900? ›
The latest run went from $200 on 3 November to $900 on 18 November. Bitcoin passed US$1,000 on 28 November 2013 at Mt. Gox. No exchanges or market; users were mainly cryptography fans who were sending bitcoins for hobby purposes representing low or no value.
Who is the biggest buyer of Bitcoin? ›
The largest holders of Bitcoin include Satoshi Nakamoto, public companies like MicroStrategy and Tesla, institutional investment trusts such as Grayscale, individuals known as “Bitcoin whales,” and even some governments through legal seizures and strategic purchases like the United States and El Salvador.
When was Bitcoin worth $800? ›
It didn't last, though, and Bitcoin was back in the $600s until November 2016. It peaked back over $700 and then quickly $800 and $900. As the year ended, Bitcoin was flirting with $1,000, a level it broke through in early 2017, a watershed year for Bitcoin when it came to national awareness.
