Family Stash Bitcoin Holdings in 6 Secret Places after 2017 Haul

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A family who invested all of their money in crypto in 2017 says they hid their holdings in secret places. Didi Taihuttu told CNBC he stores the holdings in hardware wallets on four continents. In the summer of 2017, bitcoin was trading at an average of $ 3,500 now the price is above $ 45,000. Loading Something is loading.

A Dutch family who claims to have sold all of their assets to buy bitcoin in 2017, when the cryptocurrency was trading at a fraction of its current price, claims to have hidden most of their holdings in secret locations around the world.

The father of the family, Didi Taihuttu, told CNBC in an interview that he had stored nearly three-quarters of the family’s crypto holdings in hardware wallets of small USB devices in six locations: two in Europe, two in Asia. , one in Australia and one in South America.

A bitcoin token was worth more than $ 45,000 on Thursday, according to data from Coindesk.

Taihuttu previously told Insider that he and his wife sold their family’s assets in the summer of 2017, the coin’s value had risen from over $ 2,400 on June 1 of that year to over $ 4,600. as of August 31, according to data from Coindesk.

Taihuttu told CNBC that 74% of its crypto holdings, which also included ethereum and litecoin, are in “cold” storage. These are hardware devices with passwords stored in computers that are not connected to the internet, so he would have to go to every location to collect his assets.

“I have hidden the hardware wallets in several countries so that I never have to steal very far if I need to access my cold wallet in order to exit the market,” Taihuttu told CNBC.

Read more: 3 Things Every Crypto Newbie Should Know About Trading & The 3 Most Common Mistakes To Avoid

The family of five hid some of these wallets in rental properties, friends’ homes and self-storage facilities, Taihuttu told CNBC.

The rest of the family’s crypto is stored in internet-connected devices, so-called “hot” wallets that Taihuttu can more easily access for day trading, he told CNBC.

Taihuttu told Insider in 2017 that the family sold their house for around $ 350,000 (300,000 euros), along with three cars, a motorbike, her children’s toys and other goods to buy bitcoin, and had moved to a campsite near Venlo, The Netherlands.

He declined to tell CNBC how much the family holds in crypto.

The price of bitcoin, the world’s most valuable cryptocurrency, has skyrocketed in recent years, although its value has swung sharply in recent months.

Taihuttu told CNBC in December 2020 that the family, who have traveled to 40 countries since 2017, still do not have a home.

Taihuttu did not immediately respond to Insider’s request for comment.

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