Fun

Didi Taihuttu Discusses Hiding His Cold Storage Wallets After Selling Everything for Bitcoin 3 Years Ago

News Feed - 2021-08-13 11:08:01

Didi Taihuttu Discusses Hiding His Cold Storage Wallets After Selling Everything for Bitcoin 3 Years Ago


Over three years ago, a Netherlands native made headlines when he told the world he and his minimalist family sold everything for bitcoin. At that time, Didi Taihuttu and his family sold their home, valuables, and vehicles in order to accumulate the digital asset. Taihuttu recently discussed how things have been after three years, explaining that 74% of his crypto holdings are currently held in cold storage. Taihuttu Family Keeps Six Cold Storage Stashes Hidden Across Several Nations


Didi Taihuttu and his family are doing quite well in 2021 living like digital nomads and hidden hardware wallets all over the world, according to a recent interview with CNBC. Bitcoin.com News reported on the Taihuttu family on October 10, 2017, as Didi Taihuttu told the press he and his wife sold everything for bitcoin (BTC). In his latest interview, Taihuttu told CNBC that the family safeguards a total of six hardware wallets hidden across several nations. Photograph of Didi Taihuttu back in 2017 and the home he sold for bitcoin. In the CNBC interview, Taihuttu said he purchased bitcoin (BTC) for $900 per unit.


“I have hidden the hardware wallets across several countries so that I never have to fly very far if I need to access my cold wallet, in order to jump out of the market,” Taihuttu remarked during the interview. The bitcoin family man explained two positions are in Europe, two are located in Asia, a single wallet is kept in South America, and the last hardware wallet is stored in Australia. However, 26% of Taihuttu’s crypto stash is in hot wallets while the remaining 74% is stored using cold storage solutions. Taihuttu stressed: I prefer to live in a decentralized world where I have the responsibility to protect my capital. Taihuttu Discloses the Family Owns Litecoin, Bitcoin, and Ethereum


Taihuttu called his hot wallet stash “risk capital” and explained that he does some day trades from time to time. The digital nomad emphasized how he profited with the recent dogecoin (DOGE) volatility in 2021. While 74% of the Taihuttu stash is stretched across nations in cold storage, the family detailed they owned bitcoin (BTC), litecoin (LTC), and ethereum (ETH). The Taihuttu family, however, did not disclose to CNBC how much they held in their portfolio.


Back in 2017, people called Taihuttu “crazy” but he remarked at the time that his family was “adventurous” and are going to gamble for a moment to live minimalist lives— If you never take a risk, life is boring.” During his interview this week, Taihuttu said that he’s trying to put cold storage solutions on every continent in the world. When it comes to post offices and financial institutions he finds these services “too risky.”


“What happens when one of these companies goes bankrupt? Where are my bitcoins? Will I have access? You again put the trust of your capital in the hands of a centralized organization,” Taihuttu said during his interview. Taihuttu did explain that there are a few centralized cold storage solutions that handle funds well. Taihuttu added: They have beautiful setups for inheritance. When you die, these companies handle that, as well, and I really believe they are doing a great job.


What do you think about Didi Taihuttu’s recent interview and his minimalist family? Let us know what you think about this subject in the comments section below. Switzerland’s Leonteq Offers Crypto Assets to Investors in Germany and Austria NEWS | 10 hours ago Central Bank of Argentina President Hints at Possible Regulation of Bitcoin in Payment Systems NEWS | 13 hours ago Tags in this story Bitcoin, Bitcoin (BTC), Cold Storage, cold storage solutions, crypto cold storage, cryptocurrency cold storage, Didi Taihuttu, digital nomad, ETH, Ethereum, Ethereum (ETH), hot wallet, hot wallets, litecoin, litecoin (LTC), six hardware wallets, Taihuttu Family


Image Credits: Shutterstock, Pixabay, Wiki Commons Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments

News Feed

XRP Risks Fall To $1.55 If This Support Level Fails – Analyst
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Bitcoin headed for ‘screwy price action’ after 64% surge in first quarter
Ciaran Lyons3 hours agoBitcoin headed for ‘screwy price action’ after 64% surge in first quarterBitcoin recorded its third-strongest quarter over the past three years in Q1, but analysts say the meteoric rise could a
This Week in Bitcoin: $8 Billion BTC Trust and Maximalists Misbehaving
This Week in Bitcoin: $8 Billion BTC Trust and Maximalists Misbehaving This Week in Bitcoin is your roundup of the prime talking points from across the cryptosphere. From the maj
Martin Young4 hours agoRep. Tom Emmer reintroduces anti-CBDC bill to CongressThe bill would limit the Fed from issuing a CBDC, which Tom Emmer called a surveillance tool that would “undermine the American way of life.
Bitwise CIO says BTC ETFs are huge success and 13F filings make him ‘incredibly bullish’
Nancy Lubale3 hours agoBitwise CIO says BTC ETFs are huge success and 13F filings make him ‘incredibly bullish’Bitwise CIO Matt Hougan says this week"s 13F filings prove that the spot Bitcoin ETFs were a “huge succ
Alice Ivey12 hours ago5 entry-level machine learning jobsDiscover the required skills, degree qualifications, job opportunities and industries where entry-level machine learning roles are in demand.1874 Total views4 Tota
XRP Price Chart Signals Trouble – Is A Drop To $1.20 Possible?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Devs Debate Using USDC for Collateral After DAI Stablecoin Faces Liquidity Issues
Devs Debate Using USDC for Collateral After DAI Stablecoin Faces Liquidity Issues Since March 12, the Makerdao community has been struggling with the stablecoin DAI which has bee
Analysts: Institutional Investor Interest Fueling BTC Rally, Liquidity Crunch Narrative Debunked
Analysts: Institutional Investor Interest Fueling BTC Rally, Liquidity Crunch Narrative Debunked Crypto analysts are pushing back against the narrative that the
Analyst Reveals When The Ethereum Price Will Reach A New ATH, It’s Closer Than You Think
Este artículo también está disponible en español. The Ethereum price has been consolidating for about a weeksince it hit a four-month high at $3,420. As the second larges
India’s Warren Buffett Wants Regulators to Ban Bitcoin and Focus on Digital Rupee
India"s Warren Buffett Wants Regulators to Ban Bitcoin and Focus on Digital Rupee Indian billionaire Rakesh Jhunjhunwala, sometimes referred to as the Warren Buf
ADALend: Protocol Efficiency on Cardano in Handling Interest Rates
ADALend: Protocol Efficiency on Cardano in Handling Interest Rates sponsored Crypto traders turn to fixed-income instruments like bonds and stocks to diversify their portfolios. The