In 2017, a legend emerged in the currency circle, that is, there was a big brother in the Netherlands named Didi Taihuttu, who took his wife and three children to liquidate all the property in his family and exchanged it for Bitcoin.

1. Spending all their money to buy Bitcoin, the crazy Bitcoin family

They took out their profitable companies, a large house of more than 200 square meters, cars, clothes, and even their children's toys, leaving very few "survival materials" for their families according to the minimum needs, and then exchanged all their property for After becoming Bitcoin, Didi Taihuttu’s family was called the “Bitcoin Family” by the media at the time.

Then he took his whole family on a global "poverty tour". In three years, they traveled to 40 countries/regions, and continued to preach their support and belief in Bitcoin during the trip.

Didi Taihuttu's family's actions were ridiculed as lunatics and mental disorders. They also experienced a long bear market. The choices of Didi Taihuttu's family were even more absurd and incomprehensible to people at the time.

But later, the situation changed.

Bitcoin has continued to rise, breaking new highs repeatedly, and has even been touching the $20,000 level. Didi Taihuttu’s family has confirmed their three-year “belief” with facts.

Three years ago, when he attracted worldwide attention for investing all his money in Bitcoin, he said: "This experiment will continue until 2020. I believe that in these three years, our assets will at least triple."

Didi Taihuttu did it.

Bitcoin did it.

The story of this family is more like a common comfort for people who are struggling to persevere in the bear market.

2. The cost was once as low as US$900. He bought when the price of Bitcoin plummeted, but he did not sell when the price of Bitcoin rose.

In an interview with CNBC, 42-year-old Didi Taihuttu said: “We got involved in Bitcoin because we wanted to change our lives,”

When Bitcoin prices plummeted in 2018, Taihuttu sucked more Bitcoin into his portfolio. He said he remains convinced that cryptocurrencies are ready for a major rebound. “I think we will see a minimum peak of $100,000 during this bull cycle. I wouldn’t be surprised if it hits $200,000 in 2022.”

In early 2017, Taihuttu purchased most of the Bitcoins he currently holds at a price of $900. It didn’t take long for the bull market to usher in in mid-December 2017, when Bitcoin once soared to $20,000. But Taihuttu has not given up his belief in Bitcoin. He is still buying Bitcoin at high points. But it only lasted for a month, and the price of Bitcoin fell by half, followed by the huge bear market in 2018. People in the currency circle still can't forget the horror of being dominated by the bear market in retrospect, especially the Taihuttu family who used their entire property as a stud. Difficulty moving.

But the Taihuttu family is worthy of being a staunch evangelist for Bitcoin investment. In the interview, he said: "When Bitcoin fell, we started buying more."

When asked what he thought of the current rally and whether it was another extreme bubble, Taihuttu said: "I don't think demand will go down." "I think we are facing a supply crisis."

As Buffett famously said, "Be fearful when others are crazy, and be greedy when others are fearful." As a more recognized investment product, Bitcoin has gained the favor of more and more well-known investors and institutions this year.

3. Different from 2017, “institutional bulls” as the main force gave people in the currency circle confidence

Part of the difference between Bitcoin's rally in 2020 and 2017 is that institutional investors are now buying Bitcoin, while the industry is regulating, legality and stability are improving, and institutional investment is helping Bitcoin. Get rid of some of the “unsafe” labels that have dogged us.

"The rally in 2017 was largely driven by retail investors, whereas this year we've seen an influx of corporate entities and institutional money managers," said Mati Greenspan, investment manager and manager at Quantum Economics.

Old-school billionaire hedge fund managers Stanley Druckenmiller and Paul Tudor Jones have both publicly stated their Bitcoin holdings, and large fintech companies like Square and PayPal are also embracing crypto products.

Mainstream acceptance in the investment community is very important to the value empowerment of Bitcoin. Because cryptocurrencies like Bitcoin are not supported by fundamentals and lack the trust and endorsement of the government. In most people's minds, they are valuable because people believe in their value. Just like the Taihuttu family's choice.

But now, Bitcoin has entered the investment basket of institutional whales, and the confidence of people in the currency circle has returned.

The story of Didi Taihuttu's family goes from crazy to envied, but has a warm and heartwarming ending.

For Taihuttu, the development of Bitcoin is not just about making money, he has donated half of the money to charity, and his family of five has been traveling around the world together for the past four years, paying tribute to Spread the bright future of decentralized digital currency around the world.