In recent hours, a rumor has been spreading on social media that Venezuela may have accumulated, over the years, a "hidden" Bitcoin reserve of around 600,000 $BTC , a figure that, if confirmed, would place Caracas among the largest holders of the world's first cryptocurrency.

The community appears to be seriously considering this scenario.

After all, the U.S. government had previously accused former Venezuelan president Nicolás Maduro of amassing billions of dollars in oil revenues, gold reserves, and other state assets, diverting them from traditional financial circuits. According to some anonymous sources, this "reserve" would also include $BTC to evade U.S. Treasury oversight.

Between 2018 and 2020, Venezuela reportedly sold approximately 73 metric tons of gold, valued at around $2.7 billion at the time. According to a report by Whale Hunting, that amount was subsequently converted into roughly 400,000 $BTC

The remaining portion of the alleged reserve would instead come from more recent oil revenues. According to these reconstructions, in 2025, Venezuela may have settled up to 80% of its crude oil exports using Tether, then converted the funds into Bitcoin in order to avoid freezes and seizures linked to sanctions.

Overall, the most speculative estimates suggest a crypto asset holding between 600,000 and 660,000 BTC, valued theoretically between $56 and $67 billion at current prices #venezuelaattacked #VenezuelaTensions