Mauricio Di Bartolomeo
@cryptonomista
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Co-founder & CSO @hodlwithledn - Bitcoin-backed loan specialists since 2018 | Inflation escapist | Informational purposes only. No advice.
Bitcoin
Joined December 2017
It's been 6 years now, but it feels like yesterday. The bitcoin I had mined with so much effort had tripled in price. I was elated-- and I wanted more. But BTC was the only thing I could sell to grow my business. I was torn. I sold. And never wanted to sell again. 🧵. 1/n
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Shipping a truck to Choroní. Venezuela is magic realism.
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Holding #bitcoin through the pandemic gave many around the world the economic stimulus that their governments failed to provide.
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BREAKING: 1 Colombian Peso = 1 Satoshi. #Bitcoin
La noticia del día en Colombia, un satochi vale un peso!!!.Haga cuentas!.#Btc #holdbtc @cryptonomista @hodlwithLedn.
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What growing up in Venezuela has taught me:. - "Bad Money" never dies, it just resets. - Most people have no clue what causes inflation. - Even less people get the concept of taxation by inflation. - Empresarios can be demotivated and corrupted without fair competition rules.
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Big day for Bitcoin so far:. - @krakenfx acquires @InterchangeHQ (congrats @danheld & co.). - @ledgerx launches Bitcoin options for retail clients (congrats @juthica & co.). - Bitcoin price rallies after a Fed rate cut announcement for the first time ever. It's 10.38 AM.
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Not too long ago people would ask us. "Why aren't you growing as fast as Celsius?". "Why can't you offer 0% bitcoin-backed loans like Celsius?". Today, we are helping their loan clients refinance out of a long and messy bankruptcy. To all of you who believed in our "slow and.
🔊 We're proud to announce that Ledn has started refinancing @CelsiusLoans clients! 🎉. We can confirm that we have successfully refinanced our first group of loan clients, who had completed all steps prior to Monday March 18th, 2024. 1/3 🧵.
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I need to break this down because I am too excited. The President (E) of Venezuela is encouraging people to download a crypto wallet (AirTM), AND to install a VPN service in order to access the platform. They will be distributing aid and disbursing using AitTM's P2P network 1/.
#HéroesDeLaSalud ¡Llegamos al paso final: el registro en el monedero digital!. Crea tu cuenta entrando en: Si tienes problemas de acceso, por el bloqueo de la dictadura, utiliza un VPN. Aquí te explicamos cómo utilizarlo. #HéroeRegistraTuMonedero
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From today's blog: Bad money doesn’t die. If there is a currency that should have died a long time ago, it is the Venezuelan Bolivar. In 15 years, it has lost so much value that the central bank had to intervene three separate times to rename the currency and change the.
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Hard to put a day like today into words. Immensely grateful to our team of 65+ for their hard work and dedication. It takes a big family to make these services a reality. Thank you to our investors for their continued support. And most most of all - THANK YOU to our clients!.
We’ve secured $70 million at a $540 million valuation in our Series B funding, led by 10T. We will use this new capital to support the rapid growth of our lending business, including our newest product - the world's first #Bitcoin Mortgage.
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Red-pilled 3 people at a barbecue today. I love planting the #Bitcoin seed. That's the farming I like to do.
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Javier Milei could be the next president of Argentina. He wants to kill the Argentinian Central bank and dollarize the economy. He's not the first LatAm leader with this idea. Here's what happened to inflation in Ecuador after its economy was dollarized back in January, 2000.
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A Venezuelan migrant (whom I know) worked for a month in Peru to send $150 back to his mom in Venezuela. Remittance services wanted ~$20 to do the transaction. It is our duty to end this. #Bitcoin.
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Javier Milei is the new president of Argentina!.
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You can ignore Bitcoin, but you cannot avoid the consequences of ignoring Bitcoin.
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Incredibly excited about the future of @hodlwithLedn. Thank you to our investors for your continued support throughout this journey. To our dearest Ledn clients: we couldn't be here without your trust and support. Thank you!. We're just getting started!.
We have raised $30 Million in a Series A and it’s going to help people around the world unlock the power of the fastest growing asset class for building generational wealth. #bitcoin.
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The Cantillon effect tends to produce massive economic inequality between those who friend regimes and those who don't. When printing during hyperinflationary cycles, fresh batches are given to *friends* first.
The Cantillon effect: "the first ones to receive the newly created money see their incomes rise, whereas the last ones to receive the newly created money see their purchasing power decline as consumer price inflation comes about."
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Incredibly proud of our team for how far we've come - and could not be more excited about where we're going. Thank you to everyone that has supported us, and believed in us so far.
Bitcoin-backed loans provider Ledn raises $2.7 million in new funding.
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The last few days have brought eery reminders of Venezuela:. - The daily presidential addresses, watched in a collective gasp to see the size of your benefit.- The panic buying, empty shelves in some places.- "Caserolazos" or clapping for heath workers.- General restrictions.
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My thoughts around Proof of Reserves and why it matters for Bitcoin. Thank you @BitcoinMagazine.
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Inflation is coming to every developing country outside the U.S. - and fast. A few ideas on what you can do:. - Get rid of your local currency *now*, get USD. Don't wait until stimulus $ hits the street. - Don't store your USD in a local bank. They will likely fail. 1/n.
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U.S.: We are going to go BRRR 💸💸. * Low to no inflation *. Rest of the world: We are ALSO going to go BRRR 💶💶. * Hyperinflation, capital controls, eventual dollarization *.
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Bad money doesn’t die. It resets. Buy bitcoin.
When I wrote my essay on Cuba’s Bitcoin revolution in summer 2021, the peso was trading for around 60 per dollar, down from the “official rate” of 24 per dollar. Today?. It’s trading for 188 per dollar 📉 🇨🇺 . Fiat currencies have no bottom
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Why fintech is eating banks, and why Bitcoin will eat fintech - all in one tweet.
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The middle class is what holds a society together. Saw this fall apart in Venezuela. The same is happening in North America - but in slow motion. Buy #Bitcoin.
We did it! 🥳 . The rate cuts in 2020 helped the top 1% of earners surpass the wealth of the entire Middle Class.
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#Venezuela congress member (Legitimate) declares that the Maduro regime has issued an internet blackout in the country to prevent the spread of information. All services blocked outside of whatsapp.
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@potroalvarez Ni ellos mismos le paran bola a maburro y siguen usando twitter/X. No aguantan ser el ridículo mundial y la pela que están llevando en las redes. Ilon Motts poniéndolos en su lugar… . Tic toc….
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Chavismo expropriated one of Venezuela's telecom companies in 2007 as a "great accomplishment". Drunk on oil during 2013, the regime sent it's corporate dividends cheque to Chavez in heaven with helium balloons. Yes, that actually happened. See image below.
A los #DoblePensarChavista siempre es bueno recordarles que si tienen problemas con ABA no es culpa del bloqueo, son dueños de CANTV desde 2008, pero prefirieron mandarle los dividendos a Chávez con globos al cielo. Fueron ustedes quienes aplaudieron descapitalizar CANTV.
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Every other weekend I would drive down this road. When I was young, it was with my parents and brothers to enjoy the beach as we fished and snorkeled. When I got older, it was with my friends to go surfing and have fun. Imagine losing that to communism. Te extraño Venezuela.
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A lot is said about Venezuelan politicians. but it takes courage to do these kinds of things, when you are at the mercy of paid thugs - in plain sight, with the entire apparatchik against you.
. @jguaido , President of Venezuela Juan Guaido , manages to escape from the Maiquetía International Airport, amid aggressions by paid violent groups of Dictator Nicolas Maduro #TVV#TVVNoticias.
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Is it a bird? . Is it a plane?. No! It's the Brazilian Real/USD pair!. Watch out for other high flying currencies in LatAm, coming soon!
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@nlw Very good work by @cburniske and @JackTatar in their Cryptoassets book. I made a summary of the formulas and key insights from the book here.
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Fun fact: Gasoline in Venezuela is so subsidized that rn the lowest denomination bill (=USD$0.01) is 100X higher than the cost of a full tank of gas. So much so, gas stations have started giving it away for free because they can't make change. Ppl literally fill up & drive away.
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Stepping on human rights, the haute couture way.
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Could not be more proud of this team. Today we're super excited to announce:. - Our strategic collaboration with @Gen_Capital .- The launch of our USDC Savings Account. Now you can shelter your savings from inflation and earn the top risk-adjusted rate on your Bitcoin and USDC.
We are thrilled to announce our strategic collaboration with @Gen_Capital and the launch of our new USDC Savings Account. Ledn clients globally can now protect their savings from local currency inflation, and earn 7.5% APY on their USDC.
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@OutdoorFinance Watching you go from no-coiner to holder has been my favorite bitcoin story arch this week!
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Estoy en Toronto procesando créditos para clientes en San Fernando de Apure, Venezuela. El orgullo que siento no es normal. Amo al internet. Amo al Bitcoin.
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Abróchense los cinturones! Se viene semana cargada para Bitcoin y los mercados financieros:. 🔸 Actualización de Shanghai para Ethereum el Miércoles. 🔸Data de inflación de EE.UU y China. 🔸 7 Discursos de la Fed, se publica la minuta de su última reunión. Decisión de tasas del
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I am by no means an expert on Iran, but here's a quick authoritarian dictionary for mis amigos:. Restrictions on exchanges = Bitcoin capital controls . National Mining Framework = We need to find/tax miners. Government Mining Revenue = Taking energy from citizens to get Bitcoin.
This is a big deal. 😮.
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I’ve been having some great conversations with Celsius borrowers who are interested in refinancing their loans with @hodlwithLedn. I have a tremendous amount of sympathy for what you’ve all been through and it’s been great meeting so many of you through this process. 1/n.
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The @OsloFF was the most inspiring event I’ve been a part of. It was surreal to listen to people’s stories from all corners of the world, and how bitcoin is making an impact in the fight for freedom. Flying home supercharged w energy and new friends. Gracias @gladstein & @HRF!
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A pro-Bitcoin candidate was elected president of the U.S. for the first time in history. What does this mean for the crypto the industry? And who stands to benefit most?. Check out my first piece for @ForbesCrypto to dive into the details!.
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Incredibly proud of our team @hodlwithLedn for completing our most recent Proof-of-Reserves attestation. Ledn clients can now check that their balances as at July 31st at 11:59 PM were included in the report. Down to the Satoshi (or cent). Big thanks to the team @ArmaninoLLP!.
Our latest Proof of Reserves attestation has been issued - What does this mean? --> A 🧵👇.
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Venezuela will be free. We will rebuild our system with freedom money. Si se puede. Gracias @gladstein @MariaCorinaYA.
BREAKING: 🇻🇪 Leader of Venezuelan Opposition María Corina Machado proposes using #Bitcoin as a national reserve asset. Bitcoin is a "lifeline" and "vital means of resistance" 🙌
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@iamjosephyoung @twobitidiot You know it’s not institutional investors buying at these prices (or at all). I almost feel bad about shirts that will be lost with $EOS and $TRON. almost.
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Price-fixing/rationing of animal protein is a pretty good leading indicator in my experience.
How do you tell when inflation has become hyperinflation?.
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Huge milestone for our team today. We're live with Canada's first ever Bitcoin savings account - and the first one ever available to Spanish speakers. Couldn't be more proud. Next stop: Latinoamérica!.
We are proud to announce the launch of our Bitcoin Savings Account. Proudly built in Canada - available to hodlers worldwide!. For a limited time, enjoy a 5.1% APY on your bitcoin deposits. Start earning interest today at
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Damn. You can now build your own @COLDCARDwallet. @nvk takes takes the open source ethos to a whole other level. So great to see! Go #Bitcoin!.
Don’t buy it from us, build your own. Load your own firmware. DYOR. Then contribute back, or don’t. Just keep your sats safe.
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Polls officially closed in Argentina. Preliminary results/estimates should start coming out shortly.
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Huge move for Canada's Bitcoin ecosystem 🇨🇦. Congrats @francispouliot_, @BitcoinBrains and the @BullBitcoin_ team as well as @Excellion, @Mario_Gibney and the crew at @Blockstream.
We decided to become a Liquid federation membe to facilitate integration of @Blockstream Elements Sidechain platform via @Cyphernode_io. - accept L-BTC payments .- sell L-BTC for CAD directly .- perform L-BTC peg-outs .- issue L-CAD Bull Bitcoin vouchers
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South Sudan: I am the king of hyperinflation. Venezuela: *hold my beer*.
@NickSzabo4 #Socialism in #Venezuela has been super efficient at destroying wealth. As usual, the most vulnerable: elderly pensioners, teachers, children have been hit the hardest. Think your fiat currency of choice is safe and you will retire comfortably with your savings? Think again.
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Americans have been shorting the dollar using real estate for decades (that's what a mortgage is - borrow to short USD, backed by real estate). Most have done extremely well. Soon everyone will find out that they can now do this with #Bitcoin - and it's not just for Americans.
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People in LatAm are quitting their jobs to join Play-to-Earn games at an incredible rate. The pay is much better and so are the working conditions. Reminds me of when GPU mining went viral in Venezuela.
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Hoy es un día importante en Venezuela. Todos sabíamos que no iba a ser facil. Gloria al bravo pueblo luchando en las calles. 💛💙❤️.
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It’s a big day for us at @hodlwithLedn! . We’re proud to announce our regulatory approval in the Cayman Islands. Onwards 🚀.
Cayman Islands, we've arrived! 🇰🇾. Proud to share that Ledn received regulatory approval to operate as Virtual Asset Service Provider in the Cayman Islands. A huge milestone that allows us to operate under a more stable regulatory framework. Read more 👇.
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Canadians still have to walk to a bank branch to make a wire transfer in the year of our lord 2023. #Bitcoin.
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Massive thank you to @andreloja and the entire @BitcoinAtlantis team for putting together an unforgettable event. Flying back more bullish than ever on #Bitcoin!
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Has a Bitcoin halvening ever coincided with a U.S. election year?. 2020 is shaping up to be a perfect storm.
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100% this.
On the institutional side, standing repo facilities increase the fungibility between Treasuries and cash. On the retail and institutional side, regulated stablecoins also increase the fungibility between Treasuries and cash.
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Thank you Satoshi. That's it, that's the tweet.
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The disconnect: SUNACRIP, Venezuela's newest cartel (aka Maduro regulator) is charging an 11.8% fee on all Bitcoin/crypto remittances converted. It is also quoting a bid price BELOW the localbitcoins rate. As incompetent as they are evil. cc: @nic__carter @alegw @PeterMcCormack
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Hey Toronto! Come hang with us and talk Bitcoin on November 12th at the usual 6.15 (pm). Hosted by @Coinkite and @hodlwithLedn. We're getting the fancy room at @regularsbar!.
Looks like we got the upstairs room with mics. So we will do a panel and a talk too. 🤩.
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Just voted for the first time ever as a Canadian. Politics may not be perfect - but living in a democracy is a privilege that should be celebrated. You don’t know what you have until it’s gone.
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At peak hyperinflation, it took just 3 months for the Venezuelan Bolivar to lose 90% of its value. Crazy chart, and even crazier to live through. This is why we bitcoin.
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My dad believed in bitcoin before I did. True story.
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If you didn't already know, the country with the cruelest dictatorship, causing the largest mass migration in Latin-American history -Venezuela, has a seat at the United Nations Human Rights Council. Honest question - how do you expect anyone to respect this organization?.
#27Sep Get ready for the Marxist mouthpiece Delcy Rodriguez at the #UNGA #BTW If her lips 👄 are moving. she’s lying 🤥 #NoMoreMaduro .
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Hoy es un día muy especial. A todos los que la vieron antes que Wall Street, felicidades! Hoy hay que celebrar. A los que todavía “no la ven” - buena suerte. La van a necesitar!. #Bitcoin.
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Celebrating Bitcoin Pizza day in Toronto with the fam. @adamreeds @nvk @saifedean @BitcoinBrains @hodlonautX @mbraticevic @bradmillscan @Crypto_Mags
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Few things are more fun than being on your favourite Bitcoin podcast. Thanks for having us on @TFTC21 @MartyBent!.
I was going to save this for next week but feel now is a good time. Ep 103 w/ @cryptonomista & @adamreeds is live! We discuss:. - @hodlwithLedn.- Mining in Venezuela.- Venezuelan gov't buying BTC.- Crossing boarders w/ BTC.- much more. Listen and learn.
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Great take by @michael_saylor. Speaking from experience, not taking "dollars off the table" when I was selling bolivares was the second best financial decision I ever made. The first one was co-founding @hodlwithLedn to lend dollars against #Bitcoin.
Few.
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Esta semana en #Bitcoin :. 🔸Discursos de:.Presidente de la Fed, Jerome Powell x 2.Presidenta del ECB, Chrsitine Lagarde x 2.Gary Gensler (SEC). 🔸 Datos Económicos importantes en EE.UU. y China.🔸 Reportes de Versa Bank y más. Mira todo los detalles en nuestro calendario!
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The bar for accountability and transparency in bitcoin financial services just moved a little bit higher. Huge kudos to our entire team for reaching this milestone. For clarity, we will also continue producing our Proof-of-Reserves reports from Armanino every 6 months.
Happy to announce @Deloitte is now our external audit partner!. Resulting in a full year audit of Ledn's financial statements in 2022, which will co-exist alongside our bi-annual Proof-of-Reserves attestations. #Transparency #ProofofReserves. 👉
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2/ Earning a yield enables you to stack more sats (what I’m doing), or reduce the temptation to sell your coin through earning an income. The yield you earn comes with RISK!. Below is my current allocation for November (I’ll be updating every month).
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What is driving the interest rates for Bitcoin and stablecoin savings accounts?. 🧵:.
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What an absolute privilege it was to be a part of this group.
Just visited Norwegian parliament to educate top government officials about the global human rights and humanitarian impact of Bitcoin. Was an easy job with this Avengers-level crew! 🇳🇴 ⚡️
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The number of people that have reached out to me today to ask about Doge is concerning.
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GM! Big day for LatAm politics today:. - Venezuelan democratic primary elections . - Argentina presidential elections. Will be live tweeting updates!.
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A Christmas note for anyone who’s left family behind searching for a better future:. Your family won’t remember the little gifts. Through your hard work and sacrifice you will gift them freedom. That one they will remember for generations to come. Stay strong! You got this!.
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Printing physical worthless money is expensive and has challenging logistics. This is why Venezuela is going "Petro" - to screw the people out their savings in real time, with no printing costs at all. The Venezuelan Petro is everything Bitcoin stands against.
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You may say we're all dreamers. But we're not the only ones. Gracias Bitcoin, gracias @laBITconf.
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