Intelligence reports suggest Venezuela has amassed a shadow reserve of Bitcoin and USDT worth over $60 billion since 2018, largely through gold swaps and oil exports settled in USDT. Venezuela is estimated to hold between 600,000 and 660,000 bitcoins, making it the fourth-largest Bitcoin holder globally. There is potential for the U.S. government to confiscate these holdings, which could reduce Bitcoin's circulating supply if placed into custody and locked up long term.
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[IMPORTANT] Venezuela Allegedly Holds Up to $60 Billion in Bitcoin Shadow Reserves to Evade Sanct...
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