Crypto Biz: From shorting the Venezuelan Bolivar to shorting the US dollar
Lessons from hyperinflation lead more people to Bitcoin, according to Ledn co-founder Mauricio di Bartolomeo.
When Venezuela was experiencing hyperinflation, Ledn co-founder Mauricio di Bartolomeo hedged against the collapsing local currency by shorting it in favor of the more stable US dollar. Today, he’s using a similar strategy — this time borrowing against his Bitcoin (BTC) to hedge against the crumbling US dollar.
Di Bartolomeo connected with me during Canada Crypto Week in Toronto, where he talked about the advantages of Bitcoin-backed loans and the rapid growth of collateralized BTC lending. In our interview, he made a compelling case for continuing to stack sats, even as Bitcoin’s price keeps rising.
This week’s Crypto Biz dives into our conversation with the Ledn co-founder and covers the latest business news from the blockchain world.
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