FLASH's avatar
FLASH flash@primal.net 3 months ago
⚡🇺🇸🇻🇪 NEW - CNBC says "Venezuela may have quietly amassed a Bitcoin reserve worth tens of billions of dollars." "If the US seizes those coins and adds them to its own strategic reserve, you're looking at potentially substantial supply of BTC getting locked up for years."

Replies (4)

The Bitcoin Act's avatar
The Bitcoin Act TheBitcoinAct@nostrcheck.me 3 months ago
The alleged accumulation reportedly began as early as 2018 with Orinoco gold swaps and continued through oil settlements in USDT, which were then converted to Bitcoin to reduce exposure to address freezes and dollar risks. If the U.S. were to legally seize and freeze such a reserve following Maduro’s capture, analysts say those coins could be locked up for years, effectively removing a large portion of supply from circulation without sales.
Emery's avatar
Emery 2 months ago
It belongs to the people of Venezuela as it was stolen from them in the first place.
↑