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How does the man buy Bitcoin at $ 900 and now the price is over $ 19,000 now?

Didi Taihuttu, his wife, and three children sold everything they had and bought Bitcoin more than three years ago. And now, when the Bitcoin price is trading around at $ 19.206, what will they say, do they sell?

how-does-the-man-buy-bitcoin-at-900-and-now-the-price-is-over-19000-now

How does the man buy Bitcoin at $ 900 and now the price is over $ 19,000 now?

In 2017, this Dutch family of five sold all assets, from a profitable business to a house over 230 square meters, to buy Bitcoin and start a life of wandering around the world. At that time, the Bitcoin price was still at $ 900. By the end of the year, the price was close to $ 20,000. Even when Bitcoin reached its peak, it still didn’t sell. When the bubble burst, pushing prices back to $ 3,000 in early 2018, they weren’t afraid either.

Taihuttu stated:

“When prices fell, we bought more.”

Now, after nearly four years, the Taihuttu family has traveled to 40 countries, still has no significant bank accounts, homes, or personal property. All their savings are tied to virtual currencies with huge price fluctuations.

Earlier this week, the Bitcoin price climbed to an all-time high, at $ 19,920. Some analysts say that there is plenty of room left for cryptocurrencies to thrive.

When asked if he was concerned that this rally would be another bubble, Taihuttu said:

“I don’t see any demand reduction. I think we are moving toward a supply crisis.”

Many experts also share this view with him. They interpret the current upside momentum differently from 2017. More institutional investors have embraced Bitcoin, helping it gain more and more foothold in the financial industry, and also less investment risk.

Taihuttu stated:

“When PayPal starts selling Bitcoin to 350 million users, they will need to buy Bitcoin somewhere. There will be a huge supply crisis, as there aren’t enough new Bitcoins mined every day to meet the needs of companies big.”

2020 may be different from 2017, but Bitcoin is also an asset and will fluctuate with cycles. It certainly won’t be immune to major corrections.

However, with Taihuttu, the Bitcoin game is not entirely profitable. He donated half of his fortune to charity. His family of 5 has also traveled the world for the past four years, to spread confidence in decentralized digital currencies.

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