dollar-pegged stablecoins including tether, USDC, and dai. Of the 30% crypto stash, some is kept in bitcoin, and the rest is in a mix of U.S.

To stay 'emotionally grounded' when faced with this level of volatility, the Dutch family of five follows what they call the 70/30 rule.Īt any one time, the Taihuttus keep 70% of their bitcoin holdings in cold storage (which is inaccessible without physically going to retrieve it), and the other 30% in a hot wallet, meaning that the coins are connected to the internet, whether through a mobile phone wallet or an online exchange. On Thursday, bitcoin posted its worst quarterly loss in more than a decade. The chaos has spooked investors, erasing more than $2 trillion in value in a matter of months - and wiping out the life savings of retail traders who bet big on crypto projects billed as safe investments. It has been a rough few months for the crypto market, as token prices plummet and some of the most popular companies in the industry go belly up.

The family's faith has been tested this past year. 'I think it will take me about six months, and I will have this whole beach accepting bitcoin,' he said. Lightning is a payments platform built on top of bitcoin's base layer that enables virtually instantaneous and low-fee transactions. Taihuttu's latest project is running a bitcoin bar on one of the most popular beaches in Lagos, in order to 'lead by example.' He also plans to spread the gospel of bitcoin by converting all vendors along that stretch of sand into Lightning-friendly retailers. But after spending time in 40 countries, they decided to lay down some roots in Portugal - which is one of the last places in Europe with a 0% tax on bitcoin. In the last six years, the Dutch family of five has traveled the world.

'Slowly, people will understand that being in bitcoin and HODLing is more profitable than always trying to catch that altcoin that will go times thousands,' said Taihuttu. Taihuttu tells CNBC his portfolio has gained more than 2,000% in the last six years. His investment strategy has worked out pretty well thus far. And right now, according to Taihuttu, is the 'ultimate buying moment.' Taihuttu - who studies crypto market price charts and follows popular indicators like the Mayer Multiple - thinks in the current price cycle, bitcoin will bottom out somewhere between $15,000 to $20,000, before bouncing up to above $140,000 by 2025. If you have a time horizon measured in years, then yes, this is a great opportunity to think about entering the market,' continued Hougan. 'If your timeframe is a week, or a month, or even a quarter, I think there's still significant volatility. 'There is still an aspect in crypto that we are waiting to see if another shoe will drop, if another entity will fail, if the credit cascade will continue,' said Matt Hougan, chief investment officer at Bitwise Asset Management, in an interview. In the previous crypto winter in 2018, bitcoin lost more than 80% of its value before bouncing back, eventually rising to its all-time high last year. In the last decade, bitcoin has experienced two prolonged periods of depressed prices before it rebounded. Personal Loans for 670 Credit Score or LowerĮxtreme volatility is the price of doing business in the digital asset market. Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit

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