Didi Taihuttu, his wife and three children are willing to 'give up' all their property for the sake of bitcoin.
In 2017, the Dutch-born family sold a 2,500-square-foot business and home and even their shoes and then invested all the money into bitcoin.
Now, after almost four years of traveling in 40 countries, Taihuttu and his family still do not have a bank account, house or personal property. All the family savings remain in the crypto currency.
"We are switching to bitcoin because we want to change our lives," Taihuttu said.
Not only that, as the price of bitcoin plummeted in 2018, Taihuttu doubled its investment portfolio further. Taihuttu said he believed Bitcoin would bounce back higher.
"I think in this increasing cycle, we will see Bitcoin reach a peak of up to US $ 100,000. I am not surprised if Bitcoin reaches US $ 200.00 by 2022, ”said Taihuttu.
It sounds illogical, but in early 2013 the value of Bitcoin was only around US $ 13. Who would have thought that Bitcoin could reach US $ 20,000 in just a few years.
Very fortunate, Taihuttu bought a number of Bitcoin assets when trading at a price of around US $ 900 in early 2017, just a few months before Bitcoin jumped to almost US $ 20,000.
Despite the soaring Bitcoin prices, the family remained investing in the cryptocurrencies involved. Once the bubble burst and its price dropped to US $ 3,000 in early 2018, Taihuttu and his family did not panic.
"When the price of Bitcoin plummets, we buy more," he said.
When asked by CNBC if he was worried we would experience the Bitcoin ‘bubble’ again, Taihuttu said he would double his investment.
