:quality(75)/cloudfront-us-east-1.images.arcpublishing.com/elcomercio/BEC5GTXSBRERRM5B3FKKNMT4OU.jpg)
International media reported the case of the Taihuttu, a Dutch family that in 2017 sold all its properties to buy the largest amount of bitcoins possible. At that time, the value of the digital currency was US $ 900. Today, virtual currency is valued at nearly $ 50,000, making them virtually millionaires.
MORE STORIES Influencer finds a child in the landfill and adopts him: his story has moved throughout Brazil
Didi Taihuttu, the father of the now-so-called “bitcoin family”, explained that they have two piles of cryptocurrencies in Europe, two in Asia, one in South America and one in Australia. “Escaped ‘Hardware Portfolios” [carteras ‘hardware’] in several countries so as not to have to fly very far if I need to access my cold wallet, to jump out of the market “, He said in a conversation with CNBC.
He explained that none of these places is a great strength, as digital currency is hidden in different locations ranging from apartments and friend houses to self-storage sites.
“I prefer to live in a decentralized world where I have a responsibility to protect my capital”, Taihuttu added.
MORE INFORMATION How and where to buy bitcoins in Peru
Although digital currencies are not a physical means of payment, as they operate virtually, they can also be subject to theft by hackers seeking to seize these expensive virtual currencies.
That’s why the man explained that he keeps 26% of his fortune in “Hot Wallets”, while the rest is in “Cold Wallets”.
“Hot Wallets” are virtual wallets that stay connected to the Internet, so their main utility is to give their owner quick access to withdraw their funds, as if it were a traditional bank account. “Cold Wallets”, on the other hand, are wallets that are never connected to the network, so there is greater security.