As bitcoin surged to a record-breaking $108,364 this week, Didi Taihuttu, the Dutch man who famously sold his house and almost everything he owned for bitcoin (BTC) in 2017, posted a reflection on social media.
From $300K to $10M: How One Family’s “Adventurous” Choice Revolutionized Everything
When Bitcoin.com News reported on Taihuttu’s daring move in October 2017, the world first learned about it. At the time, Taihuttu admitted that many people believed him to be “crazy,” but he was quick to defend his choice. As an adventurous family, we’re going to take a chance and live a minimalist lifestyle for a while. At the time, Taihuttu clarified, “Life is boring if you never take a risk.”
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.
At the current price of $100K, 100 BTC is worth an astounding $10 million. To put things in perspective, Taihuttu could purchase 25 houses worth $400K apiece if he kept every satoshi. But it hasn’t exactly been easy for the Taihuttu family to maintain all of their wealth in cryptocurrency. Following the collapse of FTX at the end of 2022, Bitcoin fell to $17K after rising above $60K in 2021.
