Bitcoin Dreams & Bolivar Nightmares: The Hilarious Crypto Chronicles! 🚀💸

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Once upon a time in the chaotic realm where currency gods and devils dance, Mauricio di Bartolomeo, the self-proclaimed oracle of the crypto circus, discovered his golden ticket—shorting the Venezuelan Bolivar before Bitcoin was cool. Ah, those were the days of glorious despair, when the Bolivar’s value was dropping faster than your hope during tax season. Now, as the dollar flirts with Bitcoin, the game has changed—borrowing against Bitcoin is the new black, or so they say—because who needs to sell when you can just borrow, right? 😎

In a revelation that might make even the coldest accountant chuckle, di Bartolomeo told CryptoMoon at the Toronto conference—because where else would such wisdom be shared?—“Before Bitcoin, my greatest triumph was shorting Bolivars with dollars.” Apparently, he was borrowing Bolivars, buying dollars, and then just holding the hard stuff while the Bolivar crumbled beneath his feet. Fascinating. Truly.

Today, investors can mimic these heroics by leveraging Bitcoin itself as collateral—because why not borrow the same way a vampire borrows blood, in a righteous quest to stay afloat amidst the chaos? 🧛‍♂️

All of this madness was the spark that ignited Ledn—Cayman Islands’ own treasure chest for Bitcoin holders who fancy a bit of dollar liquidity without sacrificing their precious digital gold. Ah, the sweet serenade of “hold the Bitcoin, borrow some dollars”—a symphony of financial gymnastics that would make even Cirque du Soleil jealous.

“It’s just like real estate guys, or stock borrowing—Bitcoin is no different,” proclaimed di Bartolomeo, probably while sipping a fancy drink in the Bahamas. In his words, “you’re holding the hard money—Bitcoin—and taking a loan on the weaker currency—dollars,” because what could possibly go wrong? Just another virtuous cycle, folks. Borrow against your gold, your stocks, your future—why not?

“This creates a bit of a virtuous cycle that we see happen time and again with real estate, with borrowing against your stock, borrowing against your gold, and so Bitcoin is no different.” 😂

Crypto Lending Boom: More Money, More Mistakes

In the grand theater of cryptocurrency, Ledn’s star shines brightly among the giants in the so-called CeFi galaxy, holding a staggering $9.9 billion in loans by the end of 2024. The industry, that strange creature that grew faster than mold in a damp basement thanks to Bitcoin’s meteoric rise and institutional munchkins joining the carnival, is now worth a cool $30.2 billion—more than three times what it was two years ago. But don’t get too excited; it’s still no match for the 2021 fireworks show.

According to Galaxy Research and the CryptoMoon scribes—because what’s more trustworthy than moonlit scribbles—decentralized finance (DeFi) applications are the fuel behind this expansion, allowing users to borrow on chain, and keep their digital noses clean while playing the borrowing game.

Ledn has snagged its spot among the crème de la crème—ranking third in the CeFi universe, with a loan book as big as a small country’s GDP. Tether, Galaxy, and Ledn combine forces, holding nearly 90% of the market—because monopoly is the true crypto goal, right?

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2025-05-19 21:20