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The “Bitcoin Family” have been within the headlines ever since they put all the things that that they had into bitcoin again in 2016. By then, the digital asset was solely buying and selling at round $900, and the household had turn out to be bitcoin millionaires with the newest run-up. However, like everybody else, the Bitcoin Family has been hit exhausting by the current bear market and has seen their portfolio drop throughout this time. But the gospel of bitcoin appears to haven’t left them both.

Still Believes In Bitcoin

The Bitcoin Family had truly began touring around the globe, however supporters had stored up with the household. Presently, they’re residing in Lagos, Portugal, the place the household has opened a bar referred to as BamBamBeach that permits individuals to pay for his or her drinks utilizing bitcoin by the lightning community. Mr. Taihuttu, the household patriarch, explains that they had been going to be in Portugal for about six months, however the household plans to proceed touring.

The bar displays the household’s perception in bitcoin and its functions in the actual world. Mr. Taihuttu explained that the bar was not the one factor that the household had invested in. According to him, there may be one other seashore bar, a crusing faculty, an journey firm, and a restaurant which they’ve transformed to all settle for bitcoin. “Slowly, we will grow to become the Bitcoin beach in Europe,” he defined.

BTC set to retest $25,000 | Source: BTCUSD on TradingView.com

His imaginative and prescient for these companies appears to be like to revolve primarily across the cryptocurrency. He lauded the decentralized nature of bitcoin, which he touted as the way forward for cash. “The future plan is to decentralize BamBamBeach by tokenizing it and using a decentralized autonomous organization, among other measures,” Mr. Taihuttu added.

The Bottom Is In

The current downtrend has seen the portfolio of the Taihuttus take successful, however they aren’t fearful about it within the slightest. Given that the household had gone all in on bitcoin again in 2016, that is the third bear market they’re going by, and it shines by of their responses that the household is well-positioned to climate the storm.

When speaking concerning the downtrend available in the market, Mr. Taihuttu shared his ideas surrounding it. According to him, he believes that the underside of the market has already been reached. He additionally provides that any entry level is sweet once you consider bitcoin goes to do properly within the coming years.

So for the Taihuttus, they’re all about making the most of the alternatives offered in bitcoin throughout the totally different market cycles. He reiterated their perception in bitcoin, saying, “We believe each BTC will go up to $1 million and will by then be usable as peer-to-peer cash, so why would we exchange this real money to the fake one that is printed unlimited?”

Featured picture from Bitcoin UK, chart from TradingView.com

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