Lessons from Venezuela's hyperinflation crisis w/ Mauricio Di Bartolomeo, CSO of Ledn | ep. 5

<p>Mauricio Di Bartolomeo believes that it's essential to understand the nature of money if you want to be financially successful.</p> <p>Growing up in Venezuela and witnessing his country's political and economic systems unravel, Mauricio learned the hard way that hard work doesn't matter much if you save in fiat.</p> <p>In 2015, his brother discovered Bitcoin and started mining it.</p> <p>Upon witnessing his brother's success as a Bitcoin miner, Mauricio found his calling and started Ledn, a Bitcoin lending company (and more), by 2018. In our interview, he shares his journey in greater detail and bestows upon the listener the many lessons he's learned about money along the way.</p> <p>0:00 Introduction clip</p> <p>1:44 Intro music</p> <p>1:58 Introductions</p> <p>5:18 Overview of crisis in Venezuela</p> <p>13:30 Inflation vs. hyperinflation</p> <p>19:19 Latin American debt / How money works</p> <p>26:31 The nature of money</p> <p>28:36 Mauricio's brother Bitcoin mining operation</p> <p>33:25 Bitcoin as a way for everyday Venezuelans to hedge</p> <p>37:12 Don't save in fiat / Pain is a teacher</p> <p>40:44 Do Venezuelans need Bitcoin?</p> <p>47:45 Stablecoins</p> <p>58:18 Why is Ledn a lending company?</p> <p>1:07:10 Earning trust</p> <p>1:11:28 How does Bitcoin help people in Venezuela?</p> <p>1:16:01 Bitcoin helps Democracy</p> <p>1:19:44 Outro</p> <p>Intro music: "Yours" by correspondents — <a href="https://open.spotify.com/track/45u2rj38rllskHPnIRUTl3?si=cf7815b5424d4aea">https://open.spotify.com/track/45u2rj38rllskHPnIRUTl3?si=cf7815b5424d4aea</a></p> <h1 id="moneyvenezuelainflationhyperinflationbitcoinbtccurrencyeconomicsfinancecrisisusdusdollarstablecoinslendinglendingcompanyledncanada">money #venezuela #inflation #hyperinflation #bitcoin #btc #currency #economics #finance #crisis #usd #usdollar #stablecoins #lending #lendingcompany #ledn #canada</h1>