š¹ SEC Chair Paul Atkins says itās still unclear whether the U.S. would seize Venezuelaās purported Bitcoin holdings following the capture of President NicolĆ”s Maduro ā āremains to be seenā what action, if any, might be taken.
š¹ Reports claim Venezuela may hold ~600,000 BTC (~$60 billion+ at current prices), but blockchain analysts have not verified these figures on-chain ā no confirmed wallets or proof tied directly to the government.
š¹ The alleged Bitcoin āshadow reserveā reportedly stems from:
āŖ gold proceeds converted to BTC,
āŖ oil payment settlements in stablecoins later swapped to BTC,
āŖ and seized domestic mining output from prior years.
š¹ If true, the stash would represent one of the largest Bitcoin holdings in the world, comparable to major institutional holders, but current independent tracking shows Venezuelaās publicly known BTC balance at only a few hundred BTC.
š¹ Key uncertainties remain:
⢠Whether the stash genuinely exists and is accessible,
⢠Whether the U.S. would freeze, seize, hold, or liquidate any such assets, and
⢠What impact a seizure or lock-up would have on Bitcoinās market supply.
Bottom line: Rumored huge BTC holdings are still speculative and unverified; U.S. policy response is undecided.
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