A Dutch man, Didi Taihuttu, is so confident that there will be a boom in cryptocurrencies that he has decided to sell everything that he owns and buy Bitcoin.
The items that he sold included his car, motorbike, children’s toys and other family consumables.
Mr Taihuttu has moved his entire family to a campsite believing that there is more to be made from the emerging currency.
Speaking to Business Insider he said: “People will say, ‘You’re crazy,’
“The Internet was a revolution for information. I think that Blockchain and cryptocurrency are revolutionising the monetary system.
“In five years’ time, everyone will say: ‘We could have seen it coming’. I am responding to this change now.”
It was during the family’s nine month travels around Australia and Asia, which included a visit to Koh Chang and Koh Samui in Thailand, that the IT specialist became increasingly interested in crypto-trading. “I am an entrepreneur, so when I first heard about Bitcoin, I said: let’s do this.”
He has invested in Bitcoin previously but decided to sell out in 2013 when it was valued at a few hundred euros, believing that the currency wouldn’t rise significantly more.
“If I had known then that four years later it would have been ten times more valuable, then of course I wouldn’t have sold everything,” told the entrepreneur.
“But then I thought: ‘I have to make a profit’.”
He also invested in another emerging currency, Dogecoin but initially that didn’t perform well.
“I’ve had a tremendous amount of it, but that coin was worth nothing. The portfolio that I had at the time was perhaps worth 200 euros,” he said.
However, during his travels he was advised to cash in on his ailing currency shares – only to discover that the currency had soared to twenty times its previous worth.
“That Dogecoin made me realise again: There is something going on in the world,” the entrepreneur said.
“This is no coincidence, I thought. So I went back into it again.”