Venezuela Just Proved the Bitcoin Bull Case, And No One Is Paying Attention
Maduro used Tether to move 80% of Venezuela's oil revenue. Billions in sanctions evasion, settled on Tron since 2020.
Then the US made a phone call.
Tether froze the wallets.
Game over.
Everyone's focused on the arrest. The real story is the lesson every finance minister on earth just learned in real time:
Stable coins are a leash, not an escape.
If someone can freeze it, it isn't money. It doesn't solve sovereignty.
First principles:
USDT is dollar plumbing without SWIFT. Faster. Cheaper. Still has a CEO. Still has a compliance department. Still picks up when Washington calls.
This is why USDT adoption exploded, 71-year-old grandmothers in Caracas pay their HOA fees in tether now. But useful ≠ sovereign.
The entire value proposition for sanctions evasion just got publicly falsified.
Now do the game theory:
You're Iran. Russia. Any country hedging against dollar weaponization. You just watched Venezuela's "crypto solution" get shut off like a light switch.
Where do you put reserves now?
USDT? Compromised.
Yuan? Political strings.
Gold? Try settling $500M across borders in 10 minutes.
CBDCs? Same kill switch, government branding.
There's exactly one asset that clears final settlement without asking permission from anyone.
21 million units. No CEO. No freeze function. No phone number.
This is the ad Bitcoin never had to buy.
The most desperate, highest-stakes capital on earth just learned there's only one door.
Price doesn't reflect it yet.
It will.
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Replies (17)
Permissionless vs Permissioned
Big difference between “we won’t intervene” vs “you can’t be stopped”
Yet another tailwind for Bitcoin…
👀
View quoted note →
People in positions of real power will be watching for sure
Great insight
Tether, that's tied to the Whitehouse 9/11 guy, with blacklists in the contracts ?
Interesting

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David 🇺🇸 (@david_eng_mba) on X
Venezuela Just Proved the Bitcoin Bull Case, And No One Is Paying Attention
Maduro used Tether to move 80% of Venezuela's oil revenue. Billions in...

Blocktrainer - Bitcoin Bildung & News
Venezuela setzt für Ölexporte zunehmend auf den Stablecoin USDT
Venezuela will Ölexporte zunehmend über die Kryptowährung USDT abwickeln, um die Sanktionen der USA umgehen zu können – doch Tether sanktioni...
They've been moving into Remnibi.
I'm being snarky because at that level imo they deal with forged government bonds and overseas territories laundering banks.
The whole thing sounds f&g
It's not your money
If they can hit the kill switch
Bitcoin's best free ad 👌🔥
#haiku
Fucking brilliantly written fren 🫂
Ok I get where you're coming from, but wouldn't monero do the exact same thing?
Yes scarcity but if we're having a conversation about utility..
View quoted note →
💯
I earn and spend it, never hodl.
Somewhat agree. Depends on your situation
I've got money stuck in places that can't be bitcoin so I spend fiat until it runs out
don't care if anyone agrees and I was referring to only bitcoin
I'm not holding - I don't have taxable events, period
Beauty of bitcoin is it works how you want it to... For you 👌👊
Good analysis
With USDT seizing wallets worldwide many are converting to monero xmr. Private, anonymous, and the safest. Easy to use, a grandmother could stay safe. Inexpensive to move.
#painwillpush /*****
Can I ask where this came from as I first saw this analysis 48 hours ago
Tether is so far up the US government's intestinal tract. Little wonder it has been selected as the refactoring CBDC.