In 2024, Venezuela began using the yuan to trade oil to avoid asset freezes, and bypassed US dollar settlement through gold and BTC, accumulating BTC reserves. Recently, US media revealed that Venezuela holds 600,000 BTC, a massive amount of BTC on the way. Since its inception, BTC has faced the blow of the US dollar because no one can escape the dollar, but BTC can. Of course, bypassing the dollar comes with a cost. Whether it's Iraq or the UAE, you'll find that currency wars are the root cause. From the very first day of bypassing the dollar, Venezuela's fate was sealed. Finance is the foremost industry, and currency is at the top of finance. You can think of the US dollar as a blank sheet of paper; the US prints this paper to exchange for global goods and wealth. Others are not fools—why rush to give them things? Because you can do without the paper, but you cannot do without energy—electricity, oil, natural gas. The US has tied energy to the dollar, so anyone bypassing the dollar gets hit. The EU initially wanted to unite with the UK to strengthen the euro's position, bypass the US, and allow Russia to supply energy, issuing a new euro. The result was chaos in the UK, and eventually the pound became independent. Not long after, Ukraine and Russia clashed fiercely, with the first explosion being the energy pipelines. The US wields weapons, forcing others to exchange energy for paper, and paper for goods—that's the logic behind the dollar's 240-year dominance. So, while Venezuela is being beaten badly, US stocks are soaring. They know energy is coming; is the paper still far away? Last night, the Federal Reserve's Milan announced a 100 basis point rate cut this year, and US stocks continued to surge, with BTC also warming up in response. But the gains are limited; after all, Venezuela's currency is like a sword hanging over everyone's head. People are worried about sudden large movements in cold wallets, which could trigger a rollercoaster. In the next few days, closely monitor on-chain activity to avoid chasing highs and selling lows. #比特币六连涨 #2026行情预测