At the end of 2020, We once brought a story about a family called the "Bitcoin Family" who decided to mortgage all their property to buy Bitcoin when it was worth $ 900.
Didi Taihuttu with his wife and three children are now certainly enjoying the surge in the value of their investment in the crypto market.
Interestingly, it was reported that the family had kept most of the proceeds of their crypto wealth in secret vaults on four different continents!
Taihuttu told of the secret vaults, two of which were in Europe, two more in Asia, one in South America and the last one in Australia.
The family said their crypto storage is distributed to several secret locations in different ways of storage, but not like an underground location or a remote island where treasures are embedded as in the movie.
“I want to live in a decentralized world where I have a responsibility to protect my property,” Taihuttu said.
Hot Wallet Vs. Cold Storage
Crypto investors actually have a variety of ways for their crypto savings. In addition to storage in online wallets, many choose to physically store cryptocurrencies through special devices.
"Hot wallet" is an online storage with an internet connection that allows users to easily access their coins. However, these savings may be exposed to various risks such as hacking and others.
"Cold storage" refers to crypto storage that has been transferred into a physical wallet that includes a private key (private key) as a password for access to the crypto storage.
The advantage of this type of storage is that it is more secure against the risk of online ‘hacker’ attacks.
The Taihuttu family is said to have 26% of their crypto savings in a "hot wallet" which is categorized as its risk capital.
This cryptocurrency will be used as his daily trade or a high -risk yet potential strategy, such as when he sells all Dogecoin when profitable and buys it back when the value of Dogecoin has fallen to a low again.
While another 74% of Taihuttu's crypto portfolio is placed in "cold storage". It is this wallet wallet that has distributed its savings all over the world, including Bitcoin, Ethereum and Litecoin.
The family however declined to disclose the total amount of their crypto savings.
