Market rumors suggest that Venezuela may hold an invisible crypto reserve amounting to as much as 600,000 Bitcoins. The origin of this asset is quite unusual—gradually accumulated through oil transactions, circumventing international sanctions, and gold exchanges, eventually converted into digital assets.

From a numerical perspective, 600,000 BTC accounts for 2.85% of the total Bitcoin supply, which is quite substantial. To put it into perspective, this is roughly equivalent to the holdings of a major institutional investor. If the rumor is true, Venezuela would rank among the world's largest Bitcoin holders, alongside various sovereign funds and crypto hedge funds.

But questions arise—are these invisible reserves truly safe? Some analysts point out that these Bitcoins face risks of being frozen by the U.S. and incorporated into its strategic Bitcoin reserves. Geopolitical uncertainties, coupled with the long arm of international financial sanctions, leave the ownership of this crypto asset hanging in the balance.

Behind this game reflects a deeper issue: as the global recognition of Bitcoin as a strategic asset continues to grow, how do national-level crypto holdings protect themselves amid geopolitical risks? Venezuela's story may just be the beginning.