The family that put all its money into crypto has moved to 'bitcoin heaven' Portugal for its 0% crypto tax

• A Dutch family that sold all its assets to buy bitcoin in 2017 has settled down in Portugal for tax reasons.
• Didi Taihuttu told CNBC they settled there after traveling for five years because Portugal has 0% tax on bitcoin.

A Dutch family that went all-in on $4 in 2017 has decided to settle down in Portugal because of the country's crypto-friendly tax regime, the family's father said.

The Taihuttu family has previously said they liquidated all of their physical assets in 2017 in favor of investing in bitcoin and a life on the road, and have in secret stashes around the world.

Father Didi Taihuttu $4 that he, his wife and their three children made the choice to stop travelling after five years because of Portugal's 0% tax on cryptocurrency, including on capital gains.

"That's a very beautiful bitcoin heaven," he told CNBC.

The $4 that buying and selling cryptocurrency is tax-free. There are a couple of exceptions: if you receive cryptocurrency in exchange for goods or services, or deal in crypto as a business.

The southern European country is now a favorite among digital nomads, $4, and several companies $4 on resettling there to take advantage of its crypto tax stance. The number of foreign residents there has shot up 40% in the last 10 years, according to the country's $4.

Taihuttu and his family won't disclose the size of the family's crypto holdings. But he has revealed that he stores the family's crypto in $4 across four continents and in six different countries.

Bitcoin was worth about $900 in 2017 when the family went all-in. On Monday, it was trading at about $42,000, according to CoinMarketCap data.