A Venezuelan citizen couldn't believe what he saw with his own eyes when he stumbled upon a trash can full of cash on the street.

Writer Rebecca Flood said - in a report published by the American magazine "Newsweek" - that Lennart Ochoa was in Miami to attend the Bitcoin art exhibition at the "Bitcoin 2021" conference when he was surprised to find a different type of currency.

Ochoa is a developer and educator specializing in digital currencies, and he found a very familiar currency in his country in South America, the bolivar, as heaps of cardboard boxes were thrown into the garbage can filled with 50 banknotes of this currency.

4 million views

Despite the large amounts of money, Ochoa unfortunately discovered that it was almost worthless.

He shared a video of this amazing scene on TikTok last Monday, with the caption, "You won't believe what I found in the trash. I found the Venezuelan Bolivar. Did you know that a single toilet paper costs more than an expensive note?"

@Keepinthechoa

Screw the banks.

Crypto is a solution to this inflation mess.

#venezuela #bolivares #crypto #money #inflation #bitcoin

♬ Tokyo Drift - Xavier Wulf

The clip has garnered more than 4 million views, and Ochoa commented on the video, "Shit the banks. Crypto is the answer to this inflation mess."

In the video, the old Venezuelan currency that was scrapped in 2018. Many people commented on the pile of money accumulated, with one seeing this as something really unfortunate.

Another said this is "a perfect explanation of why we can't print more money."

A third said, "All this is not worth a dollar," and a person named Rocha added, "Then why throw it away. I'll sell it as actual toilet paper rolls."

Valueless

Venezuela experienced severe levels of hyperinflation, which explains the emergence of a black market, and increased demand for the US dollar.

"Venezuela is currently battling hyperinflation, and the average inflation rate was around 438.12 percent in 2017 compared to the previous year. After that year, there are only estimates to determine inflation, because Venezuela's economy is collapsing," research firm Statista said.

In March, it was announced that 3 new banknotes in denominations of 200 thousand and 500 thousand and a note equal to one million were issued.

But even the most valuable one-million dollar note is said to be worth about 50 US cents, according to exchange rate websites.