This Dutch family sold all their assets for bitcoin in 2017 to travel the world

A Dutch family of five sold all their assets for bitcoin in 2017 and made a vow to never pay for another good or service ever again unless the transaction was made using bitcoin.

This Dutch family sold all their assets for bitcoin in 2017 to travel the world

A Dutch family of five sold all their assets for bitcoin in 2017 and made a vow to never pay for another good or service ever again unless the transaction was made using bitcoin. For four years, the Taihuttu family has survived on bitcoin alone after after liquidating all their assets in 2017 — everything from their retirement accounts, a profitable business, a 2,500-square-foot house, and their clothes, toys, and electronics. Through a combination of bartering, bargaining, bitcoin debit cards, and convincing vendors to accept the cryptocurrency, the family has visited 40 countries across Europe, Asia, and Oceania. "We wait until we find a person who is willing to accept bitcoin,” said Didi Taihuttu, patriarch of the family. They family relies on a combination of bartering, bargaining, bitcoin debit cards, and convincing vendors to accept the cryptocurrency. They often have to educate vendors on how to install a free wallet so they can trade. According to CNBC, the family says there are two places in the world where you can pay for literally everything using bitcoin: the city of Ljubljana, capital of Slovenia, and a small Italian village called Rovereto where you can even pay taxes in bitcoin. The Taihuttu family has spent nearly half a decade using bitcoin as their sole means of currency. “I believe bitcoin is slowly becoming a store of value,” says Taihuttu. “We see bitcoin as a brick of digital gold that stores value, and sometimes, it tremendously increases in value, but you can also take that brick of gold into a store and pay with it.” Taihuttu tries to keep a positive outlook and always looks for opportunities to double down on his investment by selling his time, "When bitcoin dipped, we started to buy more.” The family talk openly about the struggles of bitcoin, especially during bear markets, and it hasn't always easy. The family has a black Range Rover that says "Be Your Own Bank" with the Bitcoin logo.