Markets have always focused on Venezuela’s $17 trillion in oil reserves.
But a critical reality has been largely overlooked:

Venezuela is likely one of the largest active holders of Bitcoin in the world.

According to intelligence reports, starting in 2018, the Venezuelan regime systematically began accumulating #BTC and #USDT —
through gold swaps and by forcing oil export settlements in USDT to bypass international sanctions.

After the failure of the Petro project, the regime realized that USDT can be frozen. As a result, it gradually converted its holdings into Bitcoin.

Conservative estimates:

• Total reserve value: $56–67 billion

• Equivalent to: over 600,000 BTC

• Approximately: 3% of Bitcoin’s circulating supply

For comparison:

In 2024, Germany’s sale of 50,000 BTC triggered a 15–20% market correction.
Here, we’re talking about a position 12 times larger.

What is the most likely scenario?

A large-scale market sale is highly unlikely.

The more probable outcomes are:

• Asset seizure

• Funds being locked due to legal proceedings

• Or held as a “strategic reserve” by the U.S. Treasury

• This is not a signal to buy or sell

@mahdis3