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

Summary by Cointelegraph

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 th…

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Crypto Biz: From shorting the Venezuelan Bolivar to shorting the US dollar - WorldNL Magazine

10 hours ago

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MaxBit

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

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...

12 hours ago

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