After going all-in on bitcoin, a Dutch family has now revealed that they store all their cryptocurrency assets in secret vaults in 4 continents. The family comprising Didi Taihuttu, his wife, and three kids, liquidated all their assets to purchase bitcoin in 2017 when it was trading at around $900.
“I have hidden the hardware wallets across several countries so that I never have to fly very far if I need to access my cold wallet, in order to jump out of the market,” said patriarch Taihuttu as quoted by CNBC. He further told the publication that the family has hidden cryptocurrency assets in two spots in Europe, another two in Asia, one in South America, and a sixth in Australia.
Bitcoin has steadied after surging more than 20 percent over the weekend to more than $45,000. Cryptocurrencies were enjoying a recovery after weeks of being buffeted by Chinese moves to crack down on the sector.
Bitcoin is not tied to a bank or government and allows users to spend money anonymously. The coins are created by users who “mine” them by lending computing power to verify other users’ transactions. They receive bitcoins in exchange.
News Source : CNBC
