The journey continues! In 2017, a family who went all in on Bitcoin is still traveling the world.

In 2017, a family of five from the Netherlands sold all their belongings and invested in Bitcoin. They started traveling the world and have visited 40 countries. Despite experiencing the Bitcoin bear market and the COVID-19 crisis along the way, Bitcoin did not reach the historic highs as expected. However, their enthusiasm for cryptocurrency remains strong, and their adventurous journey is far from over.

Selling Everything for Bitcoin

Dutchman Didi Taihuttu got into Bitcoin mining as early as 2010. When the price of Bitcoin surged to $1,000 after its first halving in 2013, Taihuttu sold all his Bitcoin. However, as Bitcoin crashed afterwards and his mining operation became unprofitable, he shifted his focus to Dogecoin, a meme-based cryptocurrency that emerged in 2013.

But Dogecoin also plummeted along with Bitcoin, leading Taihuttu to eventually exit the mining industry. It wasn't until 2017, after Bitcoin's second halving, that Dogecoin skyrocketed and Bitcoin hit a historic high of $3,000, prompting Taihuttu to realize that "some values in the world are changing."

The Bitcoin Family

Fascinated by Bitcoin, Taihuttu sold his 11-year-old company and house to go all in on Bitcoin, traveling the world with his family. He expected to become a multi-millionaire by 2020.

Today, at 41, Taihuttu, his wife, and three kids have no bank accounts or other assets. Their savings are all stored in volatile cryptocurrencies, leading a "decentralized" and unpredictable Bitcoin nomadic lifestyle.

Living 100% on Crypto

When The Bitcoin Family started their world tour, it made headlines globally, with international media outlets like Business Insider covering their story. They were invited to blockchain events worldwide, and even had a retro van sponsored by a cryptocurrency company.

However, living 100% on crypto back then was challenging. Taihuttu mentioned:

Back then, without apps like "CoinATMRadar," it was difficult to find places to exchange for cash in some countries. The first two and a half years of the journey were tough. Asia was ahead of Europe in adoption, and notably, in places where financial services were absent, cryptocurrency adoption was relatively higher.

Skepticism Towards DeFi Development

Taihuttu not only loves Bitcoin but also holds 65% of his crypto assets in Bitcoin, as reported by Decrypt. Besides Bitcoin, he also holds Ethereum, Litecoin, DOT, COTI, CTSI, EGLD, BEAM, LEND, COV, and KAI.

However, he remains skeptical about the flourishing DeFi sector this year. While he personally made some gains through DeFi, he heard of many losses associated with DeFi, likening it to the hype of ICOs.

Future Outlook

After spending time in the Netherlands and Spain, Taihuttu decided to embark on a 3 to 6-month journey in Portugal to promote the Bitcoin ideology. His remarkable journey has solidified his position in the crypto industry, with crypto startups like MachinaTrader and PrimeXBT raising funds for him. He hopes to collaborate with Netflix through his channel, stating:

To achieve mass adoption of cryptocurrencies worldwide, we need to focus not only on crypto users but on everyone.

It is known that when Taihuttu went "ALL IN" on Bitcoin in 2017, the price was around $4,000 to $6,000. With the current prices, his returns have nearly doubled, but seem far from what he expected.

Like many, Taihuttu believes that the Bitcoin price will surge in a straight line after this year's halving. He initially planned to cash out Bitcoin this year and re-enter when the price falls again, but he seems to have come to terms with it, stating:

My initial thought was all about making money, but when Bitcoin crashed in the first six months of 2018, my mindset changed to enrich my life as much as possible.

For The Bitcoin Family, their world tour didn't bring quick riches. Taihuttu believes that they've transformed from materialists to minimalist enthusiasts. While their actions may seem crazy to outsiders, they have garnered respect from the crypto community, and their adventurous journey continues.