Crypto Biz: From shorting the Venezuelan Bolivar to shorting the US dollar

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 source: https://cointelegraph.com/news/crypto-biz-from-shorting-venezuelan-bolivar-shorting-us-dollar?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound