This week, as bitcoin soared to a record-breaking $108,364, Didi Taihuttu, the Dutch man who famously sold his house and nearly all his belongings for bitcoin (BTC) in 2017, shared a post on social media to reflect on the decision.
$300K to $10M: How One Family’s ‘Adventurous’ Decision Changed Everything
The world first heard about Taihuttu’s bold move in Oct. 2017, when Bitcoin.com News covered his story. Back then, Taihuttu admitted that many people called him “crazy,” but he was quick to defend his choice. “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 explained at the time.
On Dec. 17, 2024, Taihuttu hopped onto X to share his wild story, reflecting on the bold move he took years ago and how it paid off in a big way. “We sold our 300K house in 2017 for 100 bitcoin,” he said. “We can buy back that same house which today costs 400K for 4 bitcoin.”
If we would have held the 300K on a bank account from 2017 we would not have been able to buy back the house. That’s the BTC difference.
With bitcoin priced at $100K, 100 BTC today is worth a jaw-dropping $10 million. For perspective, if Taihuttu held onto every satoshi, he could snag 25 homes priced at $400K each. However, the Taihuttu family’s journey of keeping all their wealth in crypto hasn’t exactly been smooth sailing. After climbing past $60K in 2021, BTC later tumbled to $17K following the collapse of FTX at the end of the year in 2022.
During that turbulent period, Taihuttu revealed plans to move $1 million in crypto to decentralized exchange (dex) platforms. The year before FTX’s downfall in 2022, he had told the press that he was spreading his family’s crypto holdings across multiple nation states using cold storage. Taihuttu’s story is a testament to the power of conviction and adaptability in the face of financial uncertainty. His willingness to embrace risk and pivot during challenging times highlights a mindset that values long-term vision over short-term setbacks.
For Taihuttu and his family, bitcoin isn’t just an investment; it became a lifestyle shaped by belief in the future of decentralized assets. As bitcoin continues to make headlines, Taihuttu’s journey serves as a unique case study in daring decision-making and financial foresight.