2026-01-05 07:23:17

Recently, there have been reports that Venezuela has accumulated $60 billion worth of Bitcoin that could be confiscated and dumped by the US, causing concern among many. However, upon closer inspection, this worry is mostly unfounded.

Honestly, whether this Bitcoin actually exists and how much there is has never been officially confirmed by the authorities. That said, considering that Venezuela has been excluded from the US dollar system in recent years and has turned to Bitcoin and stablecoins for trade settlements, it is indeed possible. But the key issue is not whether it exists, but: would it be so easy to sell off on a large scale?

Let's analyze from three perspectives: First is control. Even if this asset is really there, it wouldn't be foolishly kept in a single exchange account. It is more likely distributed across multi-signature wallets or managed jointly by different factions. If the US wanted to act, they would need to go through a lengthy legal process and wouldn't be able to seize control instantly. There’s no rush to sell.

Next, consider Venezuela’s stance. Their initial purpose in holding these assets was to bypass sanctions and fund freezes. If they now convert everything into USD or stablecoins, wouldn’t they be exposing themselves again? Logically, that doesn’t make sense.

On the US side, dumping such a large amount of Bitcoin into the market wouldn’t solve fiscal problems and could risk disrupting global markets. It’s not worth the cost. From a technical perspective, it’s also challenging—Bitcoin isn’t like bank deposits that can be directly seized; even if they have some private keys, it’s not easy to quickly liquidate.

BTC-0,69%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

16 Likes

Reward
16
8
Repost
Share

Comment

0/400

GetRichLeek

· 01-08 03:53

Ha, it's the same old panic marketing in the crypto world, always with new tricks. Multi-signature wallets + legal procedures—I ask, how high can the probability of a dump be? It's just unnecessary worry. --- Honestly, all the on-chain data is there. If the US wanted to take action, it wouldn't be that easy; they'd be stuck at the technical level. Rest assured, keep dollar-cost averaging. --- Here we go again? Every time there's bad news, they say it's to dump the market, but Bitcoin still keeps climbing. This time is no different. Don't be scared off by the manipulators. --- Venezuela isn't that foolish. They just barely bypassed sanctions, and now they switch to USD? Exposing themselves? The logic simply doesn't hold. So I'm confident holding my position. --- As expected, armchair strategists are the easiest to analyze after the fact. They have all the insights now, but why weren't they so clear during the initial FUD? Those who suffered losses know all too well.

View OriginalReply0

FlatlineTrader

· 01-07 02:17

60 billion sounds impressive, but when it comes to actually taking action? Give me a break. The multi-signature wallet approach is fundamentally unbreakable.

View OriginalReply0

ProveMyZK

· 01-05 07:53

Haha, here we go again with the hype about dumping. To be honest, this kind of topic is circulated every month, and I’ve become numb to it. The point about multi-signature wallets for distributed management is correct. If it were that easy to get hold of, the US would have taken action long ago. There’s no need to wait until now to start spreading rumors. Is Venezuela stupid? After finally avoiding sanctions, their assets are exposed in a flash. Who would believe this logic? It’s purely unnecessary worry.

View OriginalReply0

HackerWhoCares

· 01-05 07:51

Here we go again with this set? The story about $60 billion worth of Bitcoin has long been a rumor, and it sounds almost too real. But the analysis does have some merit; multi-signature wallets indeed avoid a lot of trouble. --- Market dump by the US? Ha, they’re just shooting themselves in the foot, and the market crashes directly. --- If Venezuela really had that many coins, they would have found a way to sell them long ago. Why hide them? --- The idea of multi-signature management is pretty good, but joint management by factions sounds frustrating. With more disagreements, it might be worse than being frozen. --- Basically, it’s game theory—no one dares to act outright, everyone is restraining each other. Boring. --- The technical challenges are real. Private keys can’t be remotely controlled for transfers, so the US’s quick dump plans are basically impossible. --- Instead of worrying about confiscation, worry about internal corruption and embezzlement—that’s the real danger. --- Circumventing the dollar system to settle with Bitcoin? Sounds romantic, but is there enough liquidity? --- After a full legal process, the deal is probably cold, and with blockchain, no one can enforce it.

View OriginalReply0

FOMOSapien

· 01-05 07:50

You make a very good point. The multi-signature wallet is indeed a brilliant move. The US really doesn't have an easy time taking action.

View OriginalReply0

MevHunter

· 01-05 07:47

To be honest, the figure of 60 billion sounds impressive, but its authenticity is yet to be verified, and the authorities haven't confirmed it. Multi-signature wallets are something the US can't easily move on; legal procedures can drag on forever. If Venezuela really dumps, wouldn't that just ruin themselves? Why bother? It's mainly the market panic psychology at play. In reality, large-scale selling is technically impossible. This wave of FUD is indeed excessive; upon calmly analyzing, the logic doesn't hold up.

View OriginalReply0

BugBountyHunter

· 01-05 07:41

Ha, it's this rumor again. I just laugh every time they say it's going to dump. If they really wanted to dump that much BTC, they would have done it already. Why wait until now?

View OriginalReply0

GateUser-a606bf0c

· 01-05 07:39

Damn, it's this rumor again. I have to see it every week. Forget whether it's true or not for now; the key issue is that the multi-signature wallet setup is something the US simply can't play with or manage. Venezuela won't go crazy and sell off the coins they've painstakingly accumulated... wouldn't that be suicide?

View OriginalReply0