Bitcoin family remains bullish on largest cryptocurrency despite falling more than $1 million since November
According to a report published by CNBC, the “Bitcoin family” continues to buy Bitcoin on a daily basis.
However, its holdings have been reduced by more than $1 million since early November.
The world’s largest cryptocurrency has lost more than 72 percent of its value since peaking at over $69,000 on Nov. 10.
The family’s patriarch, Didi Taihuttu, claimed that he did sell 15% of the family’s assets after the cryptocurrency price fell below $55,000 in late 2021.
The globe-trotting bitcoin family went viral in 2017 after selling their property to buy more cryptocurrency.
Taihuttu persuaded his family to make big bets while the largest cryptocurrency remains below $1,000 levels.
After giving up their comfortable lifestyle and embracing Bitcoin, the family traveled the world, visiting dozens of countries.
The 2018 cryptocurrency crash was a major test of Taihuttu’s conviction, but he did not cash out his stake at the time. In fact, crypto-friendly households are starting to buy more cryptocurrencies. Taihuttu now says that crypto skeptics have to zoom out to see the bigger picture.
The Bitcoin family firmly believes that Bitcoin will eventually recover after falling to as low as $17,600 last month. Taihuttu believes that the largest cryptocurrency will be able to surge as high as $140,000 by 2025, which is why he claims the recent price drop has created a major buying opportunity.