A recent report suggests Venezuela may hold a secret Bitcoin reserve worth approximately $60 billion, far exceeding its officially reported holdings. According to reports, this accumulation occurred during US sanctions, with the regime allegedly swapping $2 billion in gold for Bitcoin around 2018. The report indicates that Venezuela also used Tether (USDT) from its oil trade to acquire more Bitcoin, bypassing traditional banking systems. The alleged strategy involved consolidating digital wealth into a state-controlled reserve, contrasting with the country's crackdown on private crypto activities. If accurate, the US government's potential seizure of these holdings could significantly impact the Bitcoin market.

A recent report suggests Venezuela may hold a secret Bitcoin reserve worth approximately $60 billion, far exceeding its officially reported holdings. According to reports, this accumulation occurred during US sanctions, with the regime allegedly swapping $2 billion in gold for Bitcoin around 2018. The report indicates that Venezuela also used Tether (USDT) from its oil trade to acquire more Bitcoin, bypassing traditional banking systems. The alleged strategy involved consolidating digital wealth into a state-controlled reserve, contrasting with the country's crackdown on private crypto activities. If accurate, the US government's potential seizure of these holdings could significantly impact the Bitcoin market.