Man in Disbelief After Finding Garbage Dumpster Stuffed Full of Cash

🎙️ Voice is AI-generated. Inconsistencies may occur.

A man was in disbelief after finding a garbage dumpster stuffed full of cash on the street, but sadly he's not any richer.

Lennart Ochoa was in Miami for the bitcoin art gallery, at the Bitcoin 2021 conference, when he found currency of a different kind.

Ochoa, who describes himself as a Venezuelan blockchain developer/educator, stumbled across some very familiar currency, from his South American country.

Piles of cardboard boxes had been thrown in the dumpster, filled with green 50 notes of the Venezuelan bolivar fuerte.

But despite there being wads of cash, sadly Ochoa revealed they were virtually worthless.

He shared a video of the incredible sight on TikTok on Monday, saying: "You're not going to believe what I found in the garbage. The Venezualan bolivares. Did you know that a single sheet of toilet paper is worth more than the most expensive bill?"

The clip amassed more than 4 million views, as Ochoa captioned the video: "Screw the banks. Crypto is a solution to this inflation mess."

@lennartjrochoa

Screw the banks. Crypto is a solution to this inflation mess. #venezuela #bolivares #crypto #money #inflation #bitcoin

♬ Tokyo Drift - Xavier Wulf

The note in the video is from the Venezuela's old currency, the fuerte, which was scrapped in 2018 in favor of the soberano.

Numerous people commented on the pile of money, with Taylor admitting: "As someone with a currency collection this hurts different."

Rub thought: "Perfect explanation of why we can't just print more money."

Cladizza commented: "As a Venezulean can confirm."

But Ruasha asked: "Why not keep them until it is over."

Wanderlustismari said: "All of that is not even worth $1 US dollar."

While R reckoned: "So then why throw it away. I would sell these as rolls of toilet paper for actual toilet paper."

"I heard that a World of Warcraft currency is worth more than those," another TikToker wrote.

Venezuela has experienced extreme levels of hyperinflation, and as such a black market has emerged and U.S. dollars are in high demand, according to XE.com.

Research company Statista said: "Due to Venezuela currently battling hyperinflation, the average inflation rate in Venezuela amounted to about 438.12 percent in 2017 compared to the previous year. After that year, there are only estimates to pinpoint inflation in the country, as Venezuela's economy is collapsing."

In March, it was announced three new banknotes would be introduced; 200,000; 500,000 and 1 million.

But even the highest denomination, the 1-million-soberano note reportedly worth around 50 U.S. cents at time of launch, according to the website Exchange Rates.

Currency exchange website, Cuex.com, valued $1 at 3,107,155.05 bolivar soberano at 1:00 p.m. ET Tuesday.

Newsweek reached out to Ochoa for comment.

Stock image of various currencies
Stock image of various global currencies. A man found a dumpster stuffed full of cash, but sadly revealed it was worth less than toilet paper. -goldy-/Getty Images

About the writer

Rebecca Flood is Newsweek's Audience Editor for Life & Trends, and joined in 2021 as a senior reporter. Rebecca specializes in lifestyle and viral trends, extensively covering social media conversations and real-life features. She has previously worked at The Sun, The Daily Express, The Daily Star, The Independent and The Mirror, and has been published in Time Out. Rebecca has written in the UK and abroad, covering hard news such as Brexit, crime and terror attacks as well as domestic and international politics. She has covered numerous royal events including weddings, births and funerals, and reported live from the King's Coronation for Newsweek. Rebecca was selected to be one of Newsweek's Cultural Ambassadors. She is a graduate of Brighton University and lives in London.

Languages: English

You can get in touch with Rebecca by emailing r.flood@newsweek.com. You can follow her on X (formerly Twitter) at @thebeccaflood.





Rebecca Flood is Newsweek's Audience Editor for Life & Trends, and joined in 2021 as a senior reporter. Rebecca specializes ... Read more