The "covert" Bitcoin reserve worth 60 billion USD of Venezuela
The crypto world has just discovered a rather amusing fact:
Venezuela is not poor — they are just short on cash, while Bitcoin is abundant.
According to leaks, the Maduro government has quietly accumulated 600,000–660,000 BTC (approximately 60–67 billion USD), making Venezuela one of the largest Bitcoin holders in the world, on par with BlackRock and MicroStrategy — only difference is they operate in the shadows.
Since 2018, Venezuela has:
• Sold gold
• Sold oil for USDT
• Seized domestic mining farms
and exchanged everything for Bitcoin.
Just one batch purchased at $5,000/BTC is now worth ~36 billion USD.
Maduro inadvertently became the "buy the dip legend".
600,000 BTC = 3% of the total supply
To compare:
• Germany sold 50,000 BTC in 2024 → market dumped ~20%
• If Venezuela were to dump 600,000 BTC → the chart would likely look like… a slide
Fortunately for the market:
Maduro was arrested, and the BTC is… stuck due to lacking the private key.
The US is faced with 3 options
1️⃣ Freeze
2️⃣ Put into the strategic Bitcoin reserve fund
3️⃣ Auction (low probability)
The highest probability is to lock it away for many years, meaning:
600,000 BTC removed from the market → supply squeezed → bullish for Bitcoin
while the whole world debates “Is Bitcoin valuable?”,
Venezuela has quietly answered:
“OK, then give me 600,000 of them.
The crypto world has just discovered a rather amusing fact:
Venezuela is not poor — they are just short on cash, while Bitcoin is abundant.
According to leaks, the Maduro government has quietly accumulated 600,000–660,000 BTC (approximately 60–67 billion USD), making Venezuela one of the largest Bitcoin holders in the world, on par with BlackRock and MicroStrategy — only difference is they operate in the shadows.
Since 2018, Venezuela has:
• Sold gold
• Sold oil for USDT
• Seized domestic mining farms
and exchanged everything for Bitcoin.
Just one batch purchased at $5,000/BTC is now worth ~36 billion USD.
Maduro inadvertently became the "buy the dip legend".
600,000 BTC = 3% of the total supply
To compare:
• Germany sold 50,000 BTC in 2024 → market dumped ~20%
• If Venezuela were to dump 600,000 BTC → the chart would likely look like… a slide
Fortunately for the market:
Maduro was arrested, and the BTC is… stuck due to lacking the private key.
The US is faced with 3 options
1️⃣ Freeze
2️⃣ Put into the strategic Bitcoin reserve fund
3️⃣ Auction (low probability)
The highest probability is to lock it away for many years, meaning:
600,000 BTC removed from the market → supply squeezed → bullish for Bitcoin
while the whole world debates “Is Bitcoin valuable?”,
Venezuela has quietly answered:
“OK, then give me 600,000 of them.