Venezuela's rumored $60 billion Bitcoin reserve suddenly surfaced, and many people were immediately tense—could this become the next trigger for a market crash? How will the US respond?
Currently, the authorities have not confirmed the size of this batch of Bitcoin. However, based on the background, the credibility of the information is quite high. Since 2018, Venezuela has been largely excluded from the US dollar settlement system; they can still sell oil, but they cannot receive US dollars. In this passive situation, turning to BTC as a reserve asset still makes sense.
This involves not only simple price fluctuations but also geopolitical issues, international sanctions, and the practical significance of cryptocurrencies as a safe haven. For holders, such events often reflect Bitcoin's true nature under extreme conditions—whether it is a safe harbor or a new risk point.
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Web3Educator
· 01-05 19:29
ngl, if venezuela's really sitting on 60B in btc, that's the ultimate "we don't need your dollars" flex... but also kinda terrifying for the whole market rn
Reply0
RegenRestorer
· 01-05 13:35
60 billion really invested, and my position will be finished...
I think Venezuela's move was forced; the US side must have been watching for a long time.
BTC as a reserve asset? Sounds good, but at critical moments, it still can't hold up.
This is the real stress test for Bitcoin. Don't keep up those idealistic notions.
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WalletAnxietyPatient
· 01-05 07:50
60 billion dollars? If that's true, the US would be getting anxious. The crypto circle's fire is getting bigger and bigger.
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CascadingDipBuyer
· 01-05 07:50
$60 billion? If you really spend that much, the crypto world will definitely blow up.
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FrogInTheWell
· 01-05 07:25
Venezuela's move here is quite bold. Spending 60 billion is bound to cause a stir in the crypto world.
But honestly, the US probably wouldn't dare to act. If BTC becomes a tool for sanctions evasion, what does that mean? It indicates that the dominance of sovereign currencies is weakening. This is far more serious than price fluctuations.
This is the real ultimate test.
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Wait, the official hasn't confirmed yet. Could this be another information war?
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From another perspective, if Venezuela can accumulate Bitcoin to survive, that's itself a satire of the system. What did those who said BTC was useless say before?
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I don't believe they'll dump the market, but political pressure is inevitable. The outcome of this game has long been beyond the price of the coin.
Venezuela's rumored $60 billion Bitcoin reserve suddenly surfaced, and many people were immediately tense—could this become the next trigger for a market crash? How will the US respond?
Currently, the authorities have not confirmed the size of this batch of Bitcoin. However, based on the background, the credibility of the information is quite high. Since 2018, Venezuela has been largely excluded from the US dollar settlement system; they can still sell oil, but they cannot receive US dollars. In this passive situation, turning to BTC as a reserve asset still makes sense.
This involves not only simple price fluctuations but also geopolitical issues, international sanctions, and the practical significance of cryptocurrencies as a safe haven. For holders, such events often reflect Bitcoin's true nature under extreme conditions—whether it is a safe harbor or a new risk point.