Even among the most diehard of Bitcoin advocates, there are tiers of devotion and adherence.
The Bitcoin Coaches, for example, believe without reservation that Bitcoin is here to stay as both a store of value and ultimately as a currency for sections of the world, if not the entire world. We believe that Bitcoin is the most significant technological advancement to hit the world since the Internet.
And then, there’s Didi Taihuttu.
The 39-year-old sold everything he owns for Bitcoin, and moved his family to a campsite in the Netherlands, according to independent.co.uk.
“People will say, ‘You’re crazy’,” Taihuttu told Business Insider. “But we are an adventurous family and are going to gamble for a moment to live minimalist lives. If you never take a risk, life is boring.”
The gamble was based on his desire to have as much Bitcoin as possible for himself and his family, looking ahead to the future and its expected continued appreciation.
He told independent.co.uk he believes Bitcoin in particular and cryptocurrencies in general are transforming the role of banks in society, and that there is more to be made from the emerging currency. He told Business Insider:
“The Internet was a revolution for information. I think that blockchain and cryptocurrency are revolutionizing the monetary system. In five years’ time, everyone will say: ‘We could have seen it coming.’ I am responding to this change now.”
The new lifestyle took a while for the Taihuttu family to get used to, Business Insider reported. Their luxury four-bedroom, 200 square meter house was swapped for a chalet on a campsite. Taihuttu’s three daughters, who had each had their own room, now all bunk in together.
The family will continue this way until 2020, Business Insider reported, at which point Taihuttu hopes Bitcoin and blockchain will be irreplaceable and his wealth will be worth three to four times as much.
He told Business Insider:
“If you raise your kids to be too materialistic, it is not good. And that was what we were doing, to be honest.”
We tip our collective caps to the Taihuttu family for their belief in Bitcoin, which we share. Their strategy to sell assets for Bitcoins now in expectation of appreciation could pay off very handsomely years down the road. The rest of us, most of whom are holding on to existing lifestyle staples such as homes and autos, will look on in admiration of the family’s courage.
For now, though, we’re going to tuck ourselves in for a nap at our warm, dry homes.