Raoul Pal: The Journey Man Bitcoin: The Ultimate Weapon for Financial Freedom ft. Mauricio Di Bartolomeo
Dec 19, 2024
Mauricio Di Bartolomeo, co-founder of Ledn, shares his journey from Venezuela's hyperinflation to launching a Bitcoin lending platform. He discusses how Bitcoin became a lifeline for him and his family during economic turmoil, emphasizing its potential for financial freedom. Mauricio highlights Ledn's innovative approach using Bitcoin as collateral for loans, how Bitcoin mining opportunities arose from Venezuela's challenges, and the impact of U.S. foreign policy on the region. Tune in for insights on leveraging crypto for wealth while navigating a volatile market!
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Bitcoin Mining in Venezuela
- Mauricio Di Bartolomeo's youngest brother began mining Bitcoin in Venezuela due to heavily subsidized electricity.
- This allowed him to thrive during hyperinflation by converting a government subsidy into a globally sellable asset.
Bitcoin as a Tool for Freedom
- Bitcoin mining allowed Venezuelans to monetize government subsidies and obtain US dollars.
- This effectively turned the government's attempt to control the population against them.
Government Crackdown on Bitcoin Miners
- The Venezuelan government targeted Bitcoin miners, seizing equipment and extorting money.
- Di Bartolomeo's family, including his brother who was mining Bitcoin, was forced to flee the country.