Dutch Bitcoin family remains optimistic after crypto crash

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Last Updated on 29 September 2022 by CryptoTips.eu

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Didi Taihuttu, who moved to Portugal at the beginning of the year, is known all around the world as the patriarch of the official Bitcoin family.

In 2017, when Bitcoin traded for about $900, Did convinced the members of his Dutch family to sell all their earthly possessions and invest it all in Bitcoin. By the time Bitcoin hit $20,000 for the first time in 2018, the family were millionaires. Didi and the others, his wife and their three daughters, traveled around the world and visited 40 countries.

At the onset of 2022 they settled in Portugal where Didi started a bar for Bitcoin-fans. He’s hoping to turn Meia Praia, the long and sandy beach where his BamBam beach bar is located, into ‘Bitcoin Beach.’

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Silicon Valley

Although their fortune was larger last year than it is now, Didi remains hopeful.

The New York Times was able to get an interview with him and some of his customers all the way from his BamBam beach bar in Lagos, Portugal.

Asked whether or not he was tempted to sell, Didi said:

People always doubt when to buy, when to sell. We solve that by being all in.

The Iberian country is gaining fame as one of the major hubs for crypto enthusiasts in Europe. This is because the Portuguese government is not taxing profits from crypto trading like is being done in other EU countries like Italy and France, where digital coins are also very popular.

“Portugal should be the Silicon Valley of Bitcoin,” Didi said. “It has all the ingredients.”