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This 39-year old sold everything he had for bitcoin: house, car and children's toys - now he lives on a campsite waiting for the ultimate cryptoboom

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 revolutionising 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.”

Travelling the world for nine months

In the summer of 2017 Taihuttu and his wife made the radical decision to sell everything. The couple have just returned from a nine month world trip through Asia and Australia with their three daughters. The Taihuttu’s visits included Angkor Wat in Cambodia, swimming with dolphins near Brisbane and relaxing on the beach in Thailand.

Early last year, Taihuttu’s father, John, died from cancer aged 61. A year before, it became clear that the former professional football player was incurably ill.

“It was a difficult period,” says Taihuttu, who ran his own company offering computer courses in Venlo for 11 years. “I had had it. I sold my busi...

Continue on businessinsider.com.au
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