tldr; Rumors suggest Venezuela may secretly hold between 600,000 and 660,000 BTC, worth $60–67 billion, making it one of the largest Bitcoin holders globally. Allegedly, the accumulation began in 2018 under President Nicolás Maduro through gold swaps, oil-for-USDT trades, and mining seizures. Alex Saab, a Maduro associate, reportedly managed these reserves. If true, this could significantly impact Bitcoin markets, especially following Maduro’s recent arrest and potential U.S. efforts to seize these assets.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
uiui on
Finally makes sense. Tomorrow’s news headline “mystery wallet make billions in purchases of world liberty financial”
adheretohospitality on
I’ma wait for more sources on this one
BarryLonx on
Not your keys, not your crypto… I guess.
Financial_Clue_2534 on
If true that’s a lot of bitcoin. It also it depends who owns the keys. Could they be lost forever? Who knows
DataBooking on
You think they might dump all of it?
Truecoat on
Plenty of pardon money.
openminded2014 on
Obvious market manipulation. Don’t fall for this headline 🙄
8 Comments
tldr; Rumors suggest Venezuela may secretly hold between 600,000 and 660,000 BTC, worth $60–67 billion, making it one of the largest Bitcoin holders globally. Allegedly, the accumulation began in 2018 under President Nicolás Maduro through gold swaps, oil-for-USDT trades, and mining seizures. Alex Saab, a Maduro associate, reportedly managed these reserves. If true, this could significantly impact Bitcoin markets, especially following Maduro’s recent arrest and potential U.S. efforts to seize these assets.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Finally makes sense. Tomorrow’s news headline “mystery wallet make billions in purchases of world liberty financial”
I’ma wait for more sources on this one
Not your keys, not your crypto… I guess.
If true that’s a lot of bitcoin. It also it depends who owns the keys. Could they be lost forever? Who knows
You think they might dump all of it?
Plenty of pardon money.
Obvious market manipulation. Don’t fall for this headline 🙄