We Study Billionaires - The Investor’s Podcast Network BTC058: Bitcoin Real Estate Loans w/ Mauricio Bartolomeo & Adam Reeds (Bitcoin Podcast)
Dec 29, 2021
Mauricio Bartolomeo, co-founder of Ledn and a Bitcoin expert shaped by hyperinflation in Venezuela, joins Adam Reeds, who brings energy sector expertise to Bitcoin finance. They discuss the innovative concept of Bitcoin-backed loans for real estate, enabling borrowers to leverage their crypto without selling. The duo explores the advantages of USDC versus Tether, the growing market for real estate mortgages backed by Bitcoin, and essential custody mechanics. Their insights highlight the intersection of cryptocurrency, finance, and property investment.
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Meeting and Backgrounds
- Mauricio and Adam met 15 years ago at business school and became good friends despite different backgrounds.
- Mauricio's upbringing in Venezuela sparked his interest in finance and money.
Hyperinflation's Impact
- Witnessing hyperinflation in Venezuela shaped Mauricio's understanding of broken financial systems.
- He realized that honest work becomes devalued when a currency fails.
Fiat as Dominoes
- Mauricio compares fiat money to a series of dominoes falling back on the US dollar as the reserve currency.
- He explains how gradual inflation, like a boiling frog, can lead to a sudden crisis and a search for alternative assets.