Didi Taihuttu believes in bitcoin, and in a big way.
The 39-year-old has put his house up for sale — selling it in part for bitcoin — and now lives with his family on a campsite near Venlo in The Netherlands. All of his other items are for sale, too: the car, the motorbike, electric bikes, the children’s toys, clothing, shoes.
With the proceeds, Taihuttu buys bitcoin and other cryptocurrencies, betting that it will make him rich.
“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.”
Taihuttu thinks digital coins such as bitcoin and the blockchain technology behind it are transforming the role of money and banks in society.
With blockchain, no third party is required to approve a payment — a role currently performed by banks — and a network of computers keeps a record of all transactions.
“The Internet was a revolution for information. I think that blockchain and cryptocurrency are revolutionizing the monetary system,” says Taihuttu. “In five years’ time, everyone will say: ‘We could have seen it coming.’ I am responding to this change now.”
During that journey Taihuttu kept bumping into people who were using digital coins. In Bali, he met a South African exchange trader who resigned after 17 years and went into crypto trading. And on the beach near Noosa in Queensland he spoke to someone from Dubai who was trading in bitcoin.
Taihuttu kept in touch with them all. They maintain contact through Skype, analyze the market daily, and trade cryptomints based on what they’re seeing in the price action.
“They are people who have a lot of experience in trading,” says Taihuttu. “That is what I am still lacking a little.”
Taihuttu himself has been “in the coins,” as he says it, since 2010, when the currency was worth less than one euro.
“I am an entrepreneur, so when I first heard about bitcoin, I said: Let’s do this.”
Video by : CNBC Crypto
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