Why BTC pump so hard Toady? 👇 Here's the reason
Venezuela (under its old leader Maduro) has been hit hard by US sanctions for years. To get around them and make money from selling oil and gold, the government secretly bought a TON of Bitcoin over time – estimates say around 600,000 BTC, worth about $60 billion right now! That's like 3% of all Bitcoin in the world.
Recently (just a few days ago), the US captured Maduro in a military operation. Now, reports (including from CNBC) say the US government might seize or freeze those hidden Bitcoin reserves.
What does this mean for Bitcoin?
.If the US takes control and locks it up (maybe even adds it to America's own "strategic Bitcoin reserve"),
.that huge amount of BTC suddenly can't be sold on the market anymore.
.Less Bitcoin available to buy/sell = potential supply shock → prices could go UP a lot (many experts think this is bullish long-term!).
Of course, nothing is 100% confirmed yet – it's still developing news. But it's wild how geopolitics is now directly affecting crypto!
