“Bitcoin Family” Loses $1 Million In Bear Market, What’s Next For Them? | Bitcoinist.com
3 min read
The “Bitcoin Family” have been in the titles since they put all that they had into bitcoin back in 2016. By then, at that point, the advanced resource was just exchanging at around $900, and the family had become bitcoin tycoons with the latest run-up. Notwithstanding, similar to every other person, the Bitcoin Family has been hit hard by the new bear market and has seen their portfolio drop during this time. Yet, the good news of bitcoin appears to have not left them either.
Still Believes In Bitcoin
The Bitcoin Family had really begun going all over the planet, however allies had stayed aware of the family. By and by, they are residing in Lagos, Portugal, where the family has opened a bar known as BamBamBeach that permits individuals to pay for their beverages utilizing bitcoin through the lightning organization. Mr. Taihuttu, the family patriarch, makes sense of that they would have been in Portugal for around a half year, however the family intends to proceed with traveling.
The bar mirrors the family’s confidence in bitcoin and its applications in reality. Mr. Taihuttu explained that the bar was by all accounts not the only thing that the family had put resources into. As indicated by him, there is another ocean side bar, a cruising school, an undertaking organization, and a café which they have changed over completely to all acknowledge bitcoin. “Slowly, we will grow to become the Bitcoin beach in Europe,” he explained.
BTC set to retest $25,000 | Source: BTCUSD on TradingView.com
His vision for these organizations hopes to spin basically around the cryptographic money. He commended the decentralized idea of bitcoin, which he promoted as the eventual fate of cash. “The future plan is to decentralize BamBamBeach by tokenizing it and using a decentralized autonomous organization, among other measures,” Mr. Taihuttu added.
The Bottom Is In
The ongoing downtrend has seen the arrangement of the Taihuttus endure a shot, however they are not stressed over it at all. Considering that the family had bet everything on bitcoin back in 2016, this is the third bear market they are going through, and it radiates through in their reactions that the family is strategically situated to climate the storm.
When discussing the downtrend on the lookout, Mr. Taihuttu shared his contemplations encompassing it. As indicated by him, he accepts that the lower part of the market has previously been reached. He additionally adds that any section point is great when you accept bitcoin will really do well in the approaching years.
So for the Taihuttus, they’re tied in with making the most of the potential open doors introduced in bitcoin during the different market cycles. He repeated their confidence in bitcoin, saying, “We believe each BTC will go up to $1 million and will by then be usable as peer-to-peer cash, so why would we exchange this real money to the fake one that is printed unlimited?”
Included picture from Bitcoin UK, graph from TradingView.com
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