Venezuela Bitcoin Speculation

Benzinga

After the U.S. capture of Nicolás Maduro, analysts and crypto outlets speculate that Venezuela may hold a sizable Bitcoin reserve worth “tens of billions” of dollars, but there is no verified on-chain evidence of such holdings and estimates remain highly uncertain.

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00:00It's Benzinga bringing Wall Street to Main Street

00:02Following President Nicolas Maduro's deposition last weekend, attention has turned to whether

00:07Venezuela holds sizable amounts of Bitcoin and how those assets could affect global markets,

00:12according to CNBC. Experts told CNBC it is reasonable to assume Venezuela holds substantial

00:18Bitcoin, potentially worth billions of dollars, after turning to assets like crypto and gold

00:23when sanctions cut it off from the global financial system. Analysts said any Bitcoin

00:27would likely be spread across many wallets, making tracking difficult. Possible outcomes

00:32include asset sales, confiscation by authorities or US enforcement actions. Speculation has also

00:38emerged around whether seized assets could factor into Trump's proposed strategic Bitcoin reserve.

00:44For all things money, visit Benzinga.com

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