Six out of 10 investors surveyed by Fidelity in June believe digital assets have a place in investment portfolios. Mike Bucella, general partner at BlockTower Capital, told CNBC in a recent interview on " Power Lunch " that retail investors are actually the ones missing out on the bitcoin rally this year.
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It's been primarily and firmly an institutional bid. Taihuttu put a couple hundred thousand dollars into cryptocurrency in , while the price of bitcoin was still trading lower, and he has mostly stayed all in on his investment. Despite 's massive returns and all the recent bullish calls around bitcoin price targets, the fact remains, a speculative asset like bitcoin is prone to seismic price moves in a very short space of time.
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In , the massive sell-off in cryptocurrencies, including bitcoin, was swift, brutal and worse than the bursting of the dot-com bubble in Each successive high is higher, and the lows are not quite as low, but bitcoin is certainly not immune to another major correction. Though for Taihuttu, the bitcoin play isn't all about making a profit.
He's already given half of his money away to charity, and his family of five has spent the last four years traveling the world, in order to spread the gospel of decentralized digital currencies. Skip Navigation. Markets Pre-Markets U. In this article.
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Carmen Reinicke 3 hours ago. For one Dutch businessman and father of three, it was the year to make a radical change. Didi Taihuttu sold almost everything he owned, including his business, house and car, and put all that money into bitcoin.
He bet everything he had, and everything his family had, on a decentralized cryptocurrency future. When Mr. Then came the bitcoin crash.
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Catch the latest episode by signing up here. When we next caught up with Mr. Taihuttu in April , its value had dropped by around two-thirds. Nevertheless, Mr. From there, he and his family took to the roads of Europe in a campervan, exploring all the places where bitcoin was accepted as a means of payment.
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In this episode of Moving Upstream, we follow the yearlong journey of Didi Taihuttu and his family, as he seeks to find a new, cryptocurrency way of life. Write to Thomas Di Fonzo at tom.