Ledn Lianchuang: Before the emergence of Bitcoin, my most successful investment was shorting Bolivar

Odaily News Mauricio di Bartolomeo, co-founder of Ledn, said that before he discovered Bitcoin, his most successful investment experience was shorting the Venezuelan Bolivar, which was rapidly depreciating against the US dollar. He pointed out that as the US dollar depreciates against Bitcoin, Bitcoin holders can now adopt a similar strategy of borrowing dollars and holding more valuable Bitcoin. With Bitcoin-backed loans, investors can effectively use a stronger currency as collateral. Di Bartolomeo believes that this is similar to real estate, stock and gold mortgages, forming a virtuous circle. He also mentioned that the cryptocurrency lending market is growing and Ledn is at the forefront of centralized financial lending. (Cointelegraph)