LAGOS, PORTUGAL — In the small coastal town of Lagos in the heart of Portugal’s southern Algarve region, Didi Taihuttu begins most days on the rooftop of his villa — an unassuming home with rustic charm set atop a hill that slopes up from the Atlantic Ocean. The Mediterranean sun bounces off the bright white stucco walls of the house, illuminating the orange terracotta roof and casting a glow over Taihuttu, who sits on a plastic chair tucked under a round table of the same make. The Dutch patriarch of the ‘Bitcoin Family’ drinks black coffee and pores over cryptocurrency price charts on his MacBook Pro as he decides which trades will begin his day.
“We just need a few thousand per month to live on so our performance is not really important to us,” Taihuttu tells CNBC from his deck overlooking an expansive stretch of cobalt-colored water, cliff-backed beaches and bougainvillea.
Taihuttu’s family home in Lagos, Portugal
MacKenzie Sigalos
Taihuttu’s self-effacement and modest surroundings belie the 45-year-old’s success. In 2017, Taihuttu, along with his wife and three kids, liquidated all of their assets, trading a 2,500-square-foot house and most of their earthly possessions for bitcoin and a life on the road. This was back when the price of bitcoin was around $900. Bitcoin is currently trading at over $30,000, down from an all-time high of nearly $70,000 in Nov. 2021.
Those extreme price swings have helped grow the Dutch family’s crypto nest egg.
For seven years, the investor has regularly been swapping his bitcoin for U.S. dollar-pegged stablecoins in order to capitalize on the volatility in the price of the world’s largest cryptocurrency. When Taihuttu thinks that bitcoin is reaching a bull market peak, he trades his bitcoin into stablecoins like tether, USDC, and DAI — and when it appears as though bitcoin is touching cycle lows during a bear market, he starts buying it back. So far, Taihuttu says the gamble is working out great thanks to a market indicator he created himself dubbed the “Didi BAM BAM.”
Didi Taihuttu in Lagos, Portugal
MacKenzie Sigalos
Taihuttu’s indicator considers a mix of inputs, including directional trading data and moon cycles. It’s guided all of Taihuttu’s investing decisions since he built it before the pandemic.
“From mid-November to the start of December 2022, we saw the first signs the bear market was completely over,” said Taihuttu. “It was confirmed in January 2023 when the long flag appeared in the model.”
He added, “People should have been buying bitcoin already, because every bitcoin you bought at $16k, it’s at $30k now, so that’s almost 90% upside.”
The father of three says his bitcoin investment is up about 50% since the bottom of the most recent bear market.
The Taihuttus declined to share with CNBC the current dollar amount of their crypto investment in aggregate — but Didi did disclose that they had fully bought back into bitcoin by the time the coin surpassed the $19,000 price threshold, so they’re “not doing so bad.”
It also helps that the nomadic family’s primary domicile is in Portugal — Europe’s ultimate crypto tax haven.
“You don’t pay any capital gains tax or anything else in Portugal on cryptocurrency,” said Taihuttu. “As long as you don’t earn cryptocurrency for providing services in Portugal, you’re in the clear.”
“That’s a very beautiful bitcoin heaven,” he said.
Didi Taihuttu in Lagos, Portugal
Didi Taihuttu
How the ‘BAM BAM’ indicator works
When Taihuttu began day trading tokens, he initially turned to traditional predictive metrics like the stock-to-flow model and the Mayer Multiple — a measure calculated by dividing the current price of bitcoin by the 200-day moving average in order to help identify frothy moments in the market when an asset’s value eclipses its intrinsic value.
But spending the time reading the tea leaves of all these somewhat related measures didn’t seem like a particularly productive use of his time, so Taihuttu decided to create his own proprietary blend of the best indicators on the market.
“It’s not just enough to know which indicators go into a formula,” explained Taihuttu. “What you can’t see is the calculus and the code that implements over the stock conditions. Those calculations display in charts.”
So beginning in 2019, Taihuttu started to incubate and perfect a custom-built predictive trading tool that would weigh multiple technical indicators — plus a bit of astrology — and then spit out real-time insights into potential price swings.
“It’s a combination of Bollinger Bands, Lower and Upper Bands, NMA, Red/Green Ribbon, NormStoch, RSI, Price Oscillator, Plot, MACD, Cross, Chande Momentum Oscillator, RSI-EMA, Full Moon, and New Moon,” explained Taihuttu, naming a dozen of the most popular market signals that crypto traders watch when they make investment decisions.
“Short and long signals and confirmation signals are shown on the charts when it could be a great moment to buy or sell,” continued Taihuttu.
Taihuttu family in Lagos, Portugal
MacKenzie Sigalos
Here is a quick breakdown of the technicals that underly the model:
Bollinger Bands focus on price volatility over time. The model consists of a simple moving average line with two standard deviation lines known as the Upper and Lower Bands. Price moves outside those outer bands can indicate whether an asset is oversold — or vice versa.
N-day Moving Average (NMA) is a type of moving average that takes the mean of the closing price of an asset over a variable period of time, or “N” days.
Red/Green Ribbon indicators depict bullish, or green, and bearish, or red, market conditions.
The Normalized Stochastic (NormStoch) looks at price momentum. Itis a variation of the Stochastic Oscillator — an indicator which compares the closing price of an asset to its price variation over a designated period of time.
Similar to the Bollinger Bands, the Relative Strength Index (RSI) assesses whether an asset is oversold or overbought. The index, which ranges from 0 to 100, measures the speed and the scale of an asset’s recent price swings.
Moving Average Convergence Divergence (MACD) compares two moving averages of a cryptocurrency’s price by subtracting the 26-period exponential moving average (EMA) from the 12-period EMA.
The Percentage Price Oscillator (PPO) takes the MACD reading and divides it by the 26-period EMA. It is possible to compare the PPO measures of different assets with larger price discrepancies, because it is expressed as a percentage.
With bitcoin, when the line charting the 50-day moving average crosses above a rising 200-day moving average, it is read as a bullish indicator known as a Golden Cross. When the 50-day moving average crosses below a falling 200-day moving average, it is known as the Death Cross, signaling a bear market may be imminent.
Chande Momentum Oscillator is a technical momentum indicator similar to the Relative Strength Index and the Stochastic Oscillator, except that it reacts faster to price changes.
As the name implies, the Relative Strength Index-Exponential Moving Average (RSI-EMA) combines both measures into a single indicator.
Price chart showing the ‘Didi BAM BAM’ market indicator
Didi Taihuttu
And then there are the intangible price influencers — like moon phases.
“I’m not saying it always affects the price of bitcoin, but the moon influences a lot,” said Taihuttu.
Taihuttu has found that when there is a full moon or a half moon, people tend to trade more.
“They tend to buy more, they tend to sell more,” he said. “Maybe it’s a coincidence, but if you look at the chart, you can see that mostly at the full moon, depending on where we are in the cycle, there’s a dump or a pump.”
Taihuttu added that the lunar phases also typically sync with the opening and closing of bitcoin’s monthly puts and options.
“So if we are in the top of the Bollinger Band in combination with a full moon, then you know that we are going to run,” continued Taihuttu, suggesting a market sell-off is imminent.
Losing his edge to ChatGPT
Taihuttu used to sell the Didi Bam Bam indicator to traders, but he says he will soon make give the trading tool away to selected bitcoin evangelists in order to help spur adoption.
But he also admits that his business model is disappearing.
“Anyone in the world can now go into ChatGPT and tell them, ‘Write me an indicator based on the moving averages and this cycle or that cycle. And write me a script that I can implement into TradingView and then they can make their own indicators,'” explained Taihuttu.
“I’m losing business there.”
‘Bitcoin Family’ in Thailand
Didi Taihuttu
Generative AI is a specific form of AI that is able to produce content from scratch. The systems take inputs from the user and feed them into powerful algorithms fueled by large datasets to generate new text, images, and video in a way that can appear almost human-like.
The technology captured the spotlight following widespread public adoption of OpenAI’s GPT language processing technology. ChatGPT, which uses massive language models to create human-sounding responses to questions, has ignited an arms race among some companies over what is seen as the next “paradigm shift” in tech.
While ChatGPT isn’t able to deliver a querent a trading algorithm in Pine Script, which is TradingView’s programming language, the technology does challenge the role of investment advisers.
In March, Goldman Sachs‘ chief information officer, Marco Argenti, told CNBC the bank is experimenting with generative AI tools internally to help its developers automatically generate and test code.
More recently, in May, Goldman spun off the first startup from the bank’s internal incubator — an AI-powered social media company for corporate use called Louisa. The push into AI is part of a larger effort by CEO David Solomon to expedite the bank’s digital makeover.
Morgan Stanley, meanwhile, is using it to inform its financial advisors on queries they may have. The bank has been testing an OpenAI-powered chatbot with 300 advisors so far, with a view to ultimately aid its roughly 16,000 advisors in making use of Morgan Stanley’s repository of research and data, according to Jeff McMillan, head of analytics and data at the firm’s wealth management division.
Taihuttu uses ChatGPT himself — but more for writing articles about subjects like bitcoin and the Lightning Networks. But he notes that while it is a productivity hack, the output doesn’t necessarily rank highly in search results.
“They will still find out that it’s ChatGPT,” he says. “But it’s still saving you a lot of time.”
Cynics will point at big rebates and claim they mean the vehicle isn’t selling, but that just exposes them for the industry noobs that they are. A rebate is a powerful financial tool that helps dealers overcome obstacles like negative equity, poor credit, and down payment requirements and get you to drive home in the car of your dreams today.
UPDATE: Kia really, really wants you to buy a new EV this month!
As I was putting this list together, I realized there were plenty of ways for me to present this information. “Biggest EV incentive deals ..?” Not everyone qualifies for every rebate. “Most stackable EV rebates ..?” Too confusing. In the end, I went with national cash back offers and chose to present them in alphabetical order, by make. And, as for which deals are new this month? You’re just gonna have to read the article. Enjoy!
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BMW XM
BMW XM; via BMW.
It may look like an angry space beaver on the outside, but BMW advertises itself as the Ultimate Driving Machine, not the Ultimate Style Machine — and by all accounts, the big BMW PHEV is one, if not the best-handling big SUVs out there.
With up to 30 miles of all electric range and a powerful V8 engine, it’s not savaing any trees, but now through April 30th, all versions of the plug-in hybrid offer $12,500 in lease or APR cash. If you’re financing your XM PHEV, BMW Financial is also offering 3.99% financing for up to 60 months, with a 72-month option at 4.49% APR.
Chevy BrightDrop
Chevrolet BrightDrop ZEVO; via GM.
We recently highlighted a Costco offer that stacks a $25,500 manufacturer rebate with $3,000 in “regular” Costco Member Savings, $2,750 in “LIMITED-TIME” Manufacturer to Member Incentives, plus an additional $250 for Costco Executive members.
That’s more than $30,000 off the MSRP of one of the best, most capable commercial vans on the market – ICE or electric. And that’s before you factor in the 0% interest financing (72 mo.) being advertised on Chevy dealer websites.
Chrysler Pacifica PHEV
2025 Chrysler Pacifica PHEV Pinnacle; via Stellantis.
When the plug-in hybrid Chrysler Pacifica minivan first went on sale all the way back in 2016, it seemed to imply that the old Chrysler Corporation was going to race ahead of the other “Big Three” legacy US carmakers.
That didn’t happen, but the Pacifica is still the king of cupholders, while the van’s stow n’ go seating, and all the other practical, clever details that add up to remind you Chrysler invented these things. Through April 30th, you can get a $7,500 cash allowance plus $7,500 in Federal income tax credits on Pacific Plug-in Hybrid Select, S, and Pinnacle trim level vans.
Dodge Charger EV
2024 Dodge Charger Daytona EV; via Stellantis.
As the auto industry transitions to electric, Dodge is hoping that at least a few muscle car enthusiasts with extra cash, will find their way to a Dodge store and ask for the meanest, loudest, tire-shreddingest thing on the lot.
These days, that’s the new electric Charger – and you still owed money on the Hemi you just totaled, Dodge will help get the deal done on its latest retro ride with a $6,500 rebate on 2025 models or $3,000 plus 0% financing for up to 72 months on 2024s.
Dodge Hornet PHEV
2024 Dodge Hornet PHEV; via Stellantis.
Despite objectively being one of the slowest-selling new cars in North American, the Dodge Hornet eAWD PHEV offers specs that could make a compelling case for die-hard Dodge fans who are curious about EVs, but still worried about finding charging away from home.
If that’s you, the Hornet offers over 30 miles of all-electric range from its 12 kWH battery and a decently quick 0-60 mph — then sweetens the deal even more with $6,500 in lease cash to help bring the payment down.
Jeep Wrangler 4xe
Wrangler 4xe and its 49 miles of all-electric range; via Stellantis.
While not much of an EV with “just” a 17.3 kWh battery, the PHEV version Jeep’s iconic Wrangler is often the cheapest version of the SUV to lease – a fact that’s seen the 4xe variants become a popular choice. Now through April 30th, Stellantis is offering up to $8,000 in cash allowance (not counting dealer discounts and other local incentives) in hopes that this latest offer is one you can’t refuse.
Kia Niro EV
Kia Niro EV; via Kia.
One of the most underrated little runabouts on the market, the Kia Niro EV is more fun to drive than you think it’ll be, with zippy acceleration, solid quality, and an approachable sort of anonymity that I think a lot of Tesla drivers would appreciate right now.
Now through April 30th, Kia is offering up to $8,500 cash back on remaining 2024 Niro EVs and $7,500 on 2025 models. If you don’t like paying interest, Kia has 0% financing for up to 72 months on ’24s and a sweet $129/mo. lease deal on ’25 models – so whatever your specific needs are, your Kia dealer probably has a Niro EV deal they can get to work for you.
Kia EV6 GT
Kia EV6 GT lines up against ICE supercars; via Kia.
CarsDirect is reporting 24-month leases on the positively awesome Kia EV6 GT featuring up to $19,000 in lease cash through May 1st. Other EV6 variants get decent cash back offers, too – be sure to ask your local dealer about the one you’re interested in.
Kia EV9
Kia EV9; via Kia.
I’ve been seeing Kia’s excellent, hot-selling tree-row electric SUV all over the ‘burbs, lately — and it’s hardly a wonder why. In addition to being a great car, the Kia EV9 has some of the most aggressive customer incentives in the business, with $11,000 cash back for conventional financing customers and a whopping $16,000 lease cash on 24 month terms through May 1 (36 and 48 month lessors still get a pretty incredible $15,000 cash back).
Get used to seeing these around, in other words. If not in your own driveway, certainly in some of your neighbors’!
Nissan Ariya and LEAF
2024 Nissan LEAF and Ariya “Hero” shot; via Nissan.
OK, this one’s cheating — the Swedish/Chinese love child of Volvo, Geely, and the championship-winning go-fast gurus at Cyan Racing, Polestar is announcing up to $20,000 in incentives to convince some (but, crucially, not all) customers to trade in their existing EVs on a new Polestar.
It’s not breaking any sales records, but the Toyota bZ4X is a solid five-passenger crossover EV that should meet any suburbanite’s needs with enough of Toyota’s legendary quality baked in to make it a safe bet for a decade-plus of hassle-free driving. Plus, with $10,000 in TFS Lease Subvention cash and plenty of dealer discounts floating around, it might be the best deal in Toyota’s current lineup.
Volkswagen ID.4
VW ID.4; via Volkswagen.
One of the most popular legacy EVs, the ID.4 offers Volkswagen build quality and (for 2024) a Chat-GPT enabled interface. To keep ID.4 sales rolling, VW dealers are getting aggressive with discounts, making this fast-charging, 291 mile EPA-rated range, 5-star safety rated EV a value proposition that’s tough to beat.
This month, buy a Volkswagen ID.4 with up to $10,500 in Customer Bonus Cash or lease one with $7,500 in Lease Bonus cash.
Disclaimer: the vehicle models and rebate deals above were sourced from sites like CarsDirect, CarEdge, USNews, and (where mentioned) the OEM websites – and were current 21APR2025. Despite my best efforts to filter these, some deals may not be available in your market, or to every buyer (the standard “with approved credit” fine print should be considered implied). Check with your local dealer(s) for more information.
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New York state lawmakers have launched an effort to shut down Tesla’s stores in the state by revoking its waiver to allow direct sales.
Several states in the US have laws prohibiting the direct sale of electric vehicles to the public without going through third-party dealerships.
These bans stem from outdated laws intended to protect car dealers from their own automakers supplying the vehicles.
The idea is that automakers cannot open a company-owned store next to a third-party car dealer after they have invested in selling and servicing their cars. It would be unfair competition.
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Now, some car dealerships are using those old laws to prevent automakers that have never had deals with third-party franchise dealers, such as Tesla and Rivian, from selling their vehicles to the public, even though it constitutes fair competition.
Tesla has been fighting those laws in many states with some success.
Now, state legislators in New York are pushing to remove Tesla’s exemption and grant it to other electric vehicle (EV) automakers.
Senator Patricia Fahy, who was once an ally to Tesla in its fight to be allowed to sell in New York, is now leading the effort to remove Tesla’s waiver (via New York Times):
Ms. Fahy, a Democrat whose district includes Albany, and other state lawmakers are pushing to revoke a legislative waiver that has let Tesla directly operate five New York dealerships rather than sell cars through dealer franchises, as other carmakers must do.
Fahy’s effort stems from her regret of having supported Tesla in the past:
“Maybe I’m making amends,” Ms. Fahyreplied when asked about her previous support for Tesla. Mr. Musk, she said, is “part of an administration that is killing all the grant funding for electric vehicle infrastructure, killing wind energy, killing anything that might address climate change. Why should we give them a monopoly?”
Many, like Fahy, believe that CEO Elon Musk’s support for Trump and their efforts to curtail EV adoption amount to Musk pulling the ladder that helped Tesla dominate the EV space, just as other EV companies need it.
To be fair, the state senator is not completely changing her stance on direct sales because of Musk’s involvement with Tesla. Instead, she changed her opinion on giving Tesla a waiver:
Ms. Fahy now views Tesla’s waiver as an unfair advantage, and wants the company to forfeit its five licenses by 2026. Under her plan, the licenses could be redistributed to rival electric-vehicle manufacturers like Rivian, Lucid and the Volkswagen affiliate Scout Motors, which also employ a direct-to-consumer sales approach.
I’ve made my thoughts clear about direct sales. They should be allowed for any automakers who don’t use franchise dealers. That includes Tesla.
I think Tesla should be allowed to sell its vehicles in New York, and people should be allowed to boycott them.
However, I agree that Tesla getting a specific waiver is unfair. Any new automaker, like Rivian, Lucid, etc., should also be able to open stores freely in the state.
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FILE PHOTO: A smartphone with the PayPal logo is placed on a laptop in this illustration taken on July 14, 2021.
Dado Ruvic | Reuters
PayPal, Block and Affirm are all closely tied to the health of the consumer, which has investors on edge headed into their earnings reports.
Markets broadly have been jittery to start the year due largely to concerns about President Donald Trump’s sweeping tariffs and the prospect of higher import costs leading to rising unemployment and reduced consumer spending.
Specific to e-commerce, there’s the end of de minimis trade exemptions for Chinese imports, effective May 2. That change, aimed at discount shopping apps like Temu and Shein, threatens tens of billions of dollars in low-cost cross-border e-commerce volume.
“Tariff implications and macro have added another wrinkle to ’25,” Wells Fargo analysts wrote in a note on April 16. The bank said PayPal is particularly exposed to tariff-related volatility and macro uncertainty, given that 90% of its revenue comes from consumer-driven transactions.
PayPal is the first in the group to report earnings on Tuesday. Block, the parent of Square, follows on Thursday. Affirm is scheduled to report results next Thursday. Their stock prices have been hit harder this year than the broader market. PayPal is down 23%, Block has fallen 32% and Affirm has dropped 19%, while the tech-heavy Nasdaq is down 10%.
The stocks rebounded last week as Wall Street showed some level of optimism that the Trump administration will make progress on trade agreements and that tariffs won’t be as extreme as earlier proposals suggested.
Read more about tech and crypto from CNBC Pro
Trump signed an executive order in early April imposing tariffs on more than 180 countries and territories. After markets immediately plunged, the president soon announced a 90-day pause on most tariffs, though levies on imports from China remain, and are as high as 145%. The universal tariff rate on goods imported into the U.S. from most countries is 10%.
The fintech reports land during earnings season for megcap tech, with Meta, Microsoft, Amazon and Apple all announcing results this week. Tesla and Alphabet both reported last week and talked about the potential impact of policy changes on their earnings calls.
On Alphabet’s earnings call on Thursday, Google Chief Business Officer Philipp Schindler said the end of the de minimis trade loophole will “cause a slight headwind to our ads business in 2025,” primarily from retailers in the Asia-Pacific region.
While Google is “not immune to the macro environment,” Schindler said, it has “a lot of experience managing through uncertain times.”
E-commerce challenges
With mixed messages coming from the administration, companies are reckoning with uncertainty and have little ability to provide accurate forecasts for the current quarter and remainder of the year. The volatility reached such heights in early April that Klarna, which competes with Affirm in the buy now, pay later market, and ticket marketplace StubHub delayed their long-awaited initial public offerings shortly after filing their prospectuses with the SEC.
Barclays analysts noted in a report on April 17, that significantly higher tariffs will weigh heavily on e-commerce sales, particularly for goods previously entering the U.S. duty-free. The firm estimates that Temu and Shein represent more than 30% of affected flows, much of it tied to digital wallets, buy now, pay later providers, and card processing infrastructure.
PayPal derives the vast majority of sales from consumer transactions and 40% of revenue and gross payment volume comes from international markets, according to Wells Fargo analysts. The bank trimmed its price target on April 16,to $74 from $80, citing margin pressure as e-commerce trends soften and competition rises.
PayPal has been getting a boost from Venmo, but that segment is also threatened if consumer spending declines. Growth expectations for the quarter — specifically a 5.5% increase in branded checkout volume — may be too high, Wells Fargo said, based on available nonstore retail sales data.
Analysts surveyed by LSEG estimate that PayPal will post revenue growth of just under 2% from a year earlier to $7.85 billion, and earnings of $1.16 per share.
Jack Dorsey’s Block faces pressure in multiple areas. Cash App user growth was sluggish in March, up just 1.3% from the same time last year, and Afterpay — the company’s buy now, pay later offering — is tightening its underwriting to limit credit losses. Barclays flagged Block as one of the more exposed names to small business churn and low-income volatility, noting that Afterpay volumes remain tied to highly discretionary consumer spend.
Block is expected to report revenue growth of about 4% to $6.2 billion, and earnings of 87 cents per share, according to LSEG,
Affirm reported a 30% increase in monthly active users in March, but tighter credit conditions and a broader economic cooldown may crimp near-term loan volume growth. Its business counts on purchases of electronics, apparel, furniture and other consumer goods.
Affirm is projected to report revenue growth of 36% to $783 million, and a loss of 3 cents per share, according to consensus estimates from LSEG.
Barclays analysts wrote in a note on April 15, thatin March and the early part of April, much of the retail market may have experienced a “pull forward” of discretionary spending as consumers rushed to make purchases ahead of the May tariff implementation, a dynamic that could distort some backward-looking results.
“This scenario would essentially kick the sentiment can down the road,” the Barclays analysts wrote.
Representatives from PayPal, Block and Affirm declined to comment.