• Cryptocurrency
  • Earnings
  • Enterprise
  • About TechBooky
  • Submit Article
  • Advertise Here
  • Contact Us
TechBooky
  • African
  • AI
  • Metaverse
  • Gadgets
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
  • African
  • AI
  • Metaverse
  • Gadgets
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
TechBooky
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Home Cryptocurrency

“Bitcoin Family” Says They Have Lost Over $1m So Far This Year

Paul Balo by Paul Balo
July 5, 2022
in Cryptocurrency
Share on FacebookShare on Twitter
The Bitcoin Family

Remember the “Bitcoin Family” and how they’re one of the world’s biggest advocates of Bitcoin and cryptocurrencies? Earlier this year, we reported that the family of five, led by patriarch Didi Taihuttu, decided to move to Portugal because of its zero-tax policy on Bitcoin. In 2017, the family of five liquidated all that they owned, including a 2,500-square-foot house, and purchased Bitcoin which was trading at $900. Today, the family keeps all of their crypto assets in secret vaults on four different continents. But with the recent continuous fluctuations in Bitcoin’s value, the family has incurred some losses.

So far this year, the Bitcoin Family says they’ve lost at least $1 million on their investment in Bitcoin since the flagship cryptocurrency hit its all-time high of $69,000 in November last year. Irrespective of the latest occurrences, the family’s patriarch still has huge faith in Bitcoin. “I’m buying bitcoin daily. For me, the lesson I learned the last two cycles is, when the whole world is freaking out and when everybody is thinking that bitcoin will crash, I am slowly zooming out, and I’m buying bitcoin,” he said.

Didi Taihuttu also revealed that he sold some Bitcoin at peak value and/or just the right moment. “That’s the Bitcoin life,” he said. About 15 percent of the family’s total Bitcoin holdings were sold when flagship cryptocurrency Bitcoin fell to $55,000 in November 2021. “$55,000 for me was the confirmation that we would go lower,” he added.

The family’s patriarch is big on studying the crypto market and is also an ardent follower of the Mayer Multiple. Didi Taihuttu is of the opinion that Bitcoin will hit rock bottom at between $15,000 to $20,000 (very close to the prediction of University of Sussex’s finance Professor Alexander Carol, who predicted Bitcoin falling to $10,000 last year) and will eventually rise up to at least $140,000 by 2025. He also emphasized that this is the right time to buy, in a way reminding us of El Salvador’s President Nayib Bukele’s call for people to buy the dip. “Slowly, people will understand that being in Bitcoin and HODLing is more profitable than always trying to catch that altcoin that will go times thousands,” Didi Taihuttu said.

Related Posts:

  • Popular Bitcoin Family Reveals They’ve Had Bitcoin Losses Of Up To $1 Million This Year
    Popular Bitcoin Family Reveals They’ve Had Bitcoin…
  • Chromebook
    June Was Bitcoin's Worst Month On Record After The…
  • bitcoin-digital-economy
    June Was Bitcoin's Worst Month Ever, It Was Really Bad
  • Chromebook
    Bitcoin Hits Lowest Level Since June, Market Cap…
  • Bitcoin Lost More Than $150 Billion Over The Weekend, Currently Trading Below $25,000
    Bitcoin Lost More Than $150 Billion Over The…
  • home-screen
    Crypto Exchange FTX's Founder Says Bitcoin Has No…
  • The Crypto Market Is Currently In A Turmoil But For Some, This Is An Opportunity. So Should You Buy The Dip?
    The Crypto Market Is Currently In A Turmoil But For…
  • Facebook laser
    El Salvador's President Says Bitcoin Investments Are…

Discover more from TechBooky

Subscribe to get the latest posts sent to your email.

Tags: bitcoinbitcoin familycryptocurrency
Paul Balo

Paul Balo

Paul Balo is the founder of TechBooky and a highly skilled wireless communications professional with a strong background in cloud computing, offering extensive experience in designing, implementing, and managing wireless communication systems.

BROWSE BY CATEGORIES

Select Category

    Receive top tech news directly in your inbox

    subscription from
    Loading

    Freshly Squeezed

    • Huawei Officially Launches HarmonyOS for PC May 10, 2025
    • Canada Nears Launch of Instant Payment Technology May 10, 2025
    • Threads Adds Dashboard for Post & Account Limits May 10, 2025
    • Many X Users are Experiencing Timeline Update Issues May 10, 2025
    • Legend Internet Launches Nigeria’s First Fibre-to-the-Room Service May 10, 2025
    • Over 300K Customers Leave 9mobile Over MTN Roaming Delay May 10, 2025

    Browse Archives

    May 2025
    MTWTFSS
     1234
    567891011
    12131415161718
    19202122232425
    262728293031 
    « Apr    

    Popular Tags

    africa (135) AI (497) android (367) app (717) Apple (576) artificial intelligence (419) business (482) china (132) cryptocurrency (209) ecommerce (122) enterprise (287) facebook (507) fintech (244) funding (121) gadget (558) gaming (201) google (709) government (469) instagram (173) internet (467) ios (291) iphone (246) meta (116) microsoft (369) mobile (352) new feature (384) nigeria (440) privacy (158) research (140) samsung (185) security (421) smartphone (277) social media (836) software (509) startup (419) streaming (174) telecom (242) tips (372) twitter (289) united states (216) users (158) videos (127) website (173) whatsapp (201) youtube (138)

    Quick Links

    • About TechBooky
    • Advertise Here
    • Contact us
    • Submit Article
    • Privacy Policy

    About Us

    TechBooky

    TechBooky is a social Tech blog with a special focus on the budding African Technology sector. TechBooky is currently based in Abuja, Nigeria.

    Recent News

    Huawei Officially Launches HarmonyOS for PC

    Huawei Officially Launches HarmonyOS for PC

    May 10, 2025
    Canada Nears Launch of Instant Payment Technology

    Canada Nears Launch of Instant Payment Technology

    May 10, 2025
    Advertisement Coming to Threads from Next Year

    Threads Adds Dashboard for Post & Account Limits

    May 10, 2025
    Many X Users are Experiencing Timeline Update Issues

    Many X Users are Experiencing Timeline Update Issues

    May 10, 2025
    Legend Internet Launches Nigeria’s First Fibre-to-the-Room Service

    Legend Internet Launches Nigeria’s First Fibre-to-the-Room Service

    May 10, 2025
    Over 300K Customers Leave 9mobile Over MTN Roaming Delay

    Over 300K Customers Leave 9mobile Over MTN Roaming Delay

    May 10, 2025
    • Login

    © 2021 Design By Tech Booky Elite

    Generic selectors
    Exact matches only
    Search in title
    Search in content
    Post Type Selectors
    • African
    • Artificial Intelligence
    • Gadgets
    • Metaverse
    • Tips
    • About TechBooky
    • Advertise Here
    • Submit Article
    • Contact us

    © 2021 Design By Tech Booky Elite

    Discover more from TechBooky

    Subscribe now to keep reading and get access to the full archive.

    Continue reading

    We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok