From time to time, a new “sensational scenario” appears in the media:
“The USA may seize Venezuela's bitcoin reserves”
Sounds loud. But there is one problem:
this scenario is almost entirely based on assumptions.
1️⃣ Venezuela does not have a “state bitcoin reserve”
there are no official wallets;
no public reporting;
no legal status as an asset at the national level.
Crypto in Venezuela is mostly private property of individuals/groups, not a state fund.
2️⃣ Bitcoin is generally poorly susceptible to forced confiscation
Bitcoin is not a bank account and not gold in a vault.
No:
central operator;
registry of owners;
"single button access".
Even if a person is detained, it doesn't mean someone will get their keys.
3️⃣ If elites have BTC, it is distributed
In such systems, assets are:
divided by addresses;
spread across people and jurisdictions;
often set up in such a way that it's easier to lose permanently than to "hand over on demand".
📌 The reality is this:
Yes, individual confiscations are possible.
But the scenario "the US took Venezuela's crypto" is a nice TV fantasy, not a real strategy.
Bitcoin is not a tool of political coercion.
This is a layer of financial infrastructure that breaks very poorly under force.
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