The “Bitcoin Family” is down extra than $1 million on their bitcoin funding for the reason that the global’s maximum famous virtual coin peaked at around $69,000 in Nov. 2021 — however patriarch Didi Taihuttu is as bullish as ever.
“I’m shopping for bitcoin daily,” Taihuttu instructed CNBC through a smartphone from the seaside in Lagos, Portugal. “For me, the lesson I discovered the ultimate cycles is — while the complete global is freaking out and while anybody is questioning that bitcoin will crash, I am slowly zooming out, and I’m shopping for bitcoin.”
In 2017, Taihuttu, his wife, and 3 daughters liquidated all they owned, buying and selling a 2,500-square-foot residence and clearly all their earthly possessions for bitcoin and lifestyles on the road. This changed into returned while the rate of bitcoin changed to around $900. Bitcoin is presently buying and selling for around $19,200.
Along the way, Taihuttu has exited his bitcoin role and ultimately offered to return in, buying and selling his cash at opportune moments.
“That’s the bitcoin lifestyle,” he said.
Taihuttu tells CNBC that he offered approximately 15% of the family’s universal bitcoin holdings while the rate fell to the $55,000 rate degree in past due November.
″$55,000 for me changed into the affirmation that we might pass lower,” endured Taihuttu.