Dutch Bitcoin Family Makes World Media As Price Nears $20k Again

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Back in 2017, a Dutch family of five made the world news. 42-year-old Mr. Didi Taihuttu, his wife, and their three children all agreed to sell all their worldly possessions and invest it all in Bitcoin, which was trading at $900 by that time. By the end of 2017, it looks like they would be millionaires when Satoshi Nakamoto’s coin hit a record high of $20k.

The family became overnight sensations but the global media lost interest when the cryptocoin dropped the next year. When it hit $3,000 in early 2018, they bought even more, and everyone thought they were crazy.

Wow this is so cool!!! Also this article is trending on @CNBC today!!! @thebitcoinfam @KenzieSigalos 🔥🚀🔥 #bitcoin #MSM https://t.co/GciBuSUMm0 pic.twitter.com/EZLTxW6wRe

— ₿ Didi Taihuttu ₿ (@Diditaihuttu) December 7, 2020

Last week, US financial channel CNBC contacted them again as the most popular crypto coin in the world was back at the end of 2017 levels. According to Didi, this time round is very different indeed.

The father of three explained:

We stepped into bitcoin, because we wanted to change our lives,

I think in this bull cycle, we are going to see a minimal peak of $100,000. I won’t be surprised if it hits $200,000 by 2022.

Institutional rally

The difference between the current rally and the one of 2017 of course is the entrance of institutional investors. Not only have PayPal and Square made their entries into the cryptosphere recently, even classic Wall Street hedge funds are now dipping their toes in the water.

If #Bitcoin is only used a store of value, it will be conservatively worth 500k per bitcoin one day. If it also becomes widely used as a medium of exchange, the price will be much higher.https://t.co/DjgnNgpJnp

— Tyler Winklevoss (@tyler) December 6, 2020

Mati Greenspan, the founder of Quantum Economics commented:

The 2017 rally was largely driven by retail investors, whereas this year we’re seeing a massive influx from corporate entities and institutional money managers.

We of course with the Taihuttu family all the best and hope that their wishes come true.

Mehaniq / Depositphotos.com