The man who bet everything on Bitcoin, and still believes
The man who bet everything on Bitcoin, and still believes
Last year, Didi Taihuttu sold almost everything he had, poured it into bitcoin and took his family to a trailer park. In this episode of Moving Upstream, Thomas Di Fonzo of WSJ makes a one-year trip with the "Bitcoin Family", as they bet on everything to a decentralized future of cryptocurrency.
Last year, Didi Taihuttu sold almost everything he had, poured it into bitcoin and took his family to a trailer park. In this episode of Moving Upstream, Thomas Di Fonzo of WSJ makes a one-year trip with the "Bitcoin Family", as they bet on everything to a decentralized future of cryptocurrency.
In 2017, bitcoin seemed almost unstoppable when investors and consumers poured money into the cryptocurrency.
For a Dutch businessman and father of three children, it was the year to make a radical change. Didi Taihuttu sold almost everything he had, including his business, home and car, and put all that money into bitcoin. He bet everything he had, and everything his family had, to a future of decentralized cryptocurrency.
When Mr. Taihuttu bought Bitcoin for the first time in February 2017, with a price tag of around $ 1,000, he told The Wall Street Journal he was "in this for a long time." . Then came the fall of bitcoin.
When we met Mr. Taihuttu again in April 2018, his value had dropped by about two-thirds. However, Mr. Taihuttu said he still had "the same amount of bitcoins" and that he was enjoying a life with his wife and children "out of the system" on a beach in Thailand. From there, he and his family took the roads of Europe in a caravan, exploring all the places where bitcoin was accepted as a means of payment.
In this episode of Moving Upstream, we followed Didi Taihuttu and his family's one-year journey, while searching for a new way of living in cryptocurrency.
Write to Thomas Di Fonzo in tom.difonzo@wsj.com
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