I saw this bit of news that could really shake things up for Bitcoin and the whole market:
"Following Maduro's arrest, the US is thinking about seizing Venezuela's hidden crypto reserves. We're talking about a secret stash potentially holding up to 600,000 bitcoins, which is roughly $60 billion from oil, gold, and USDT trades done to dodge sanctions. CNBC mentioned this. If they freeze those assets, we could see around 3% of the total supply vanish from circulation for a few years."
So, what do you guys think?
- Any predictions on what might happen?
- How will this affect the crypto market and Bitcoin specifically?
Trump, Maduro, and... Bitcoin!
19 replies 468 views
I highly doubt this is true
Venezuela is a poor country and could be considered developing
I don't really see any reason they would be holding such amount of Bitcoin as reserve
Even if they bought cheap it would be weird a country would invest in Bitcoin then
And not to mention there's no evidence to back this
Unless proven true, I will consider it a rumor.
Who would freeze such tainted coins
They are going to cleanse it and add it to their strategic reserve.
But that's stealing but it's nothing new
if they are frozen
Then nothing much except an initial bullishness for no reason
Since like Before the Bitcoin was never in circulation
So isn't playing with demand and supply.
satoshi2020Senior Member
Posts: 183 · Reputation: 970
#3May 4, 2022, 04:33 AM
Before the question For discussion, was that amount of bitcoin really for Venezuela or for one man the president, the country sit on one of the largest natural resources in the world, Oil, gold are abundant but the country is very poor.
Why will a country have so much including that amount of bitcoin but nothing is working in the country.
But I know the bitcoin wont remain frozen one way or another.
quantumwolfFull Member
Posts: 44 · Reputation: 319
#4May 4, 2022, 06:44 AM
I quite understand Venezuela is a country that love bitcoin investment, but having such huge amount of bitcoin in their reserve is what I do not know. However, confiscating such huge amount of bitcoin in their reserve will eventually jeopardize the economy of Venezuela, though it might have positive impact on bitcoin as it can help in igniting growth and bullish sentiment, but I don't think is a good idea to frozen such a huge bitcoin reserve for Venezuela.
If their is an attack on Venezuela bitcoin reserve as a result of conflict between U.S and Venezuela, such an attack can lead to discouragement to other small nations who have interest in keeping bitcoin as a reserve for their economic growth.
I also find this very suspicious and there is no sufficient evidence to consider this information as true. It is a bit suspicious that a poor country like Venezuela has such a huge amount of Bitcoin reserves, we still don't know if this is true or not, if it is true it would surprise me very much.
I have done some research on this subject, but the results are negative. coindesk.com confirms that it is not possible for Venezuela to have such a huge amount of Bitcoin reserves. I also found a video on this subject.
https://www.coindesk.com/opinion/2026/01/06/don-t-hold-your-breath-for-venezuela-s-bitcoin
https://www.youtube.com/watch?v=756XzbrWNJk
cryptobridgeSenior Member
Posts: 221 · Reputation: 1481
#6May 5, 2022, 10:19 AM
I think US and Venezuela are both confused people or maybe I'm the confused one. I have seen news about Venezuela been happy about Maduros arrest and some people are happy, the US confirm Delcy to be in charge until a new democratic person is elected(selected ), then the next video, I saw Delcy Rodriguez lamenting that US capture Maduros and it's unconstitutional. What's happening or is this part of the playbook?
Now, US want Venezuela secret crypto reserve, assuming there is one, what is US going to do? Seize it and keep it or what exactly? This country thinks other countries don't deserve better and it's laughable.
I don't know why this is becoming clear when they said "we are not going to use public funds to buy Bitcoin but will use seized Bitcoin as reserve" the picture is clear now.
I don't know what to expect but US is acting like dictatorship, yeah Maduro is a tyrant and corrupt human but where is the liberty, unless he's found guilty to have used Venezuela resources to his personal gains. Then, they he need to be extradict back to Venezuela and try there or another means. US is a not a international court.
Impact? I never knew Venezuela had Bitcoin or any crypto if not today. Isn't obvious that the government that everyone think like crypto is killing crypto.
bull_cobraFull Member
Posts: 63 · Reputation: 418
#7May 5, 2022, 10:46 AM
Holding Bitcoin as a strategic reserve cannot be a direct cause of foreign intervention in the policies of any country, but what happened with Venezuela is a completely different matter from which we conclude that Bitcoin reserves alone may not be a protection against crises of all kinds, especially long-term economic crises.
After the USA military intervention in Venezuela, we witnessed a great refresh in all markets who recovered trust in dollar in particular. This is because the military campaign was short time. If the mission had to last long, I think many products would decline until the situation reach a certain stability.
The market is basically reacting to the news in a positive way, BTC is recovering gradually, one will think for a moment that such news will have a negative impact on prices, but reverse is the case. I hope this US vs Venezuela tantrum does not backfire later on, else the way crypto market will react to it will be scary.
No impact beyond a story, movement in the dollar is more significant indirectly then any crypto usage in Venezuela. I think the majority of BTC in the country is by private citizens and business just trying to exist while navigating a nation hijacked by its own military to serve their elite. The people are searching the trash of those elite, any reserves are military or oil based possibly they traffic drugs for money but I dont think we'll find or ever hear of some vast hidden wealth of any kind.
The country has already been hollowed out that is the problem, USA or Trump insists they can produce wealth in the nation by investing into their neglected oil production but I would think that takes a decade to be felt positively if it could ever happen vs ongoing failed government.
Last I heard of wealth is gold reserves withheld until a valid government and central bank exists, again that can be a decade away still. The oil and other produce is likely to arrive sooner then resumption of normal foreign reserves etc.
Is there a source to this news that Venezuela actually have 600,000 Bitcoin? I have seen such comment on X but I was skeptical about it since the country was never on the news to have owned Bitcoin. So what will be the rationale of the US taking their Bitcoin? Is that not stealing because they belong to the people of Venezuela and not the Americans. I want to hear what others will say about this action that is appearing like stealing.
paul.yieldMember
Posts: 14 · Reputation: 183
#11May 6, 2022, 12:05 AM
They kidnapped a man like gangsters, in front of everyone. Those who use the concepts of democracy and human rights in the 21st century acted according to the law of the jungle...
According to allegations, the Venezuelan government owns 600,000 Bitcoin, but the amount proven on the chain is very small. So, CNBC's report is a bit speculative for me, but 3% is really a big number...
I thought that before such speculative claims, it would be better to follow gold and the stock market. Gold is already at a dangerous level for me, so it's normal for me that this news hasn't been bought on the gold side. On the other hand, the stock market continues to hold strong. So, when I evaluate both speculative and non-speculative developments together, my personal opinion is that I don't see a danger for Bitcoin...
If the news is true, the bitcoin was already not been in circulation for several years, so what difference would it make? In the context of circulation, there is no difference between the US government freezing it or the Venezuelan government keeping it. In both scenarios, the Bitcoin is sitting dormant and out of circulation.
I don't the news is true anyway. Except it is part of the stolen funds stolen by the administration or past administration, but it would be difficult to believe a country like Venezuela with such corrupt leaders would have that amount of Bitcoin saved somewhere and no talk about using it. That money is more than half of the country's entire GDP and also more than double the annual GDP of the country. The news is most likely false or the figures are exaggerated.
real_laserFull Member
Posts: 73 · Reputation: 256
#13May 6, 2022, 10:58 PM
The fact that so much bitcoin is being stored and not sold is a good sign for the market. Since the day Maduro was arrested, bitcoin has started to rise slightly. I'm sure America, or rather Trump, won't sell the bitcoins. It's said that the country owns 600,000 bitcoins, I'm not sure if it's verifiable on the blockchain, maybe it really does exist. But I'm curious where and how they acquired so much bitcoin.
Venezuela was once the wealthiest country in South America thanks to its oil and mineral resources. But it was precisely this over reliance and complacency that led to the gradual decline of their economy when oil prices plummeted in 1980. Since then, despite the recovery in oil price, due to poor government management, their economy has been unable to return to its golden age. Along with that, after Maduro came to power, his government ceased cooperation with the US, and political conflict arose. US has imposed a series of sanctions causing their oil extraction and trading activities to come to an almost complete standstill
Regarding whether Venezuela possesses 600k BTC, there is currently no accurate information, it is all just a rumor.
cryptobridgeSenior Member
Posts: 221 · Reputation: 1481
#15May 7, 2022, 04:07 AM
Behold the messiah, emperor Trump has finally let the cat out. Lmao.
The news that Venezuela holds a large amount of Bitcoin is based on speculation. There is no concrete proof that the government holds such an amount in cryptos. The speculation emanates from the fact that, due to economic sanctions, the country might have used Bitcoin and other means to bypass these financial restrictions. Even if such a Bitcoin stash existed, it would have been moved by Madura's family members or cronies to a safer wallet.
If the news is true.
The US might decide to keep the Bitcoin in its strategic reserves or auction them. With the news that the US will be receiving and selling some amount of crude from Venezuela. I will highly anticipate that Bitcoin will be sold for the "benefit of Venezuela and the United States".
Dumping such an amount of Bitcoin would lead to panic sales that would lead to a drop in Bitcoin price. But the market will not be affected if the Bitcoin will be kept in the US stractegic reserve.
vault_alphaHero Member
Posts: 363 · Reputation: 2228
#17May 9, 2022, 06:08 AM
This is an unconfirmed claim, so I will maintain neutrality for now. The US under Mr Trump lies a lot, we should consider much of the news like this dead on arrival.
If this report later becomes true, it's certainly positive for Bitcoin and the entire crypto market because a seized Bitcoin is a "held" Bitcoin, just like HODLing it for investing. This should make Bitcoin and the entire crypto space excited, but a little.
The good news is that Bitcoin looks positive now, so this could be a little trigger that could further yield great effects.
So far, many people are still naive enough to and believe that what is happening in Venezuela is simply Trump fighting drug trafficking. Many people believe this is good for the Venezuelan people. Honestly, I can not understand what they are thinking when they say that.
Update: Not only that, the US even demanded that Venezuela sever ties with China, Russia, and Iran. At the same time, they established exclusive partnerships with the US in the production and export of oil.
And this is what they call democracy and freedom
https://abcnews.go.com/Politics/trump-demands-venezuela-kick-china-russia-partner-us/story?id=128963238&
https://www.bloomberg.com/news/articles/2026-01-07/us-tells-venezuela-to-cut-ties-with-china-and-russia-abc-says?
I think that the United States has no right to confiscate these bitcoins for itself. They should be returned to the Venezuelan people, since they were obtained from the sale of the countrys natural resources. These are not scammers bitcoins, and bypassing sanctions does not give the right to seize another countrys bitcoins. If they wanted to present this operation as a fight against the regime and as protection of the people, then these bitcoins should be returned to the people as part of their national reserve. I think that would be fair.
AtomicCipherMember
Posts: 58 · Reputation: 247
#20May 11, 2022, 08:29 PM
The world is currently undergoing a major reshaping, and I really hope it happens in a soft and controlled way. Otherwise, even more wars may break out and there will be even more victims.
Regardless of the situation with the Venezuelan president, it is extremely important that some agreements are established now and that no one starts shooting. At the moment, the strongest players are demonstrating their power, and its unclear how such actions may affect other countries. Besides the United States, there are several other countries that also claim territories of neighboring states. On the one hand, this creates an opportunity for other countries to act in a similar way. On the other hand, if these territorial divisions are already planned anyway, then let them happen in a way that does not lead to people dying. Territories and relations between states can be negotiated, but human life and health can never be restored.
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