[Analysis Reveals Venezuela Holds Over $60 Billion in Bitcoin and USDT Reserves]
Analyst Serenity disclosed that since 2018, the Maduro regime in Venezuela has circumvented sanctions by engaging in gold swaps and requiring oil exports to be settled in USDT, accumulating Bitcoin and USDT reserves valued at over $60 billion. After the failure of the 'Petro' cryptocurrency experiment, Venezuela shifted to using USDT as a substitute for petrodollars during crude oil sales. Later, due to USDT's address-freezing functionality, these reserves were converted into Bitcoin. Estimates indicate that Venezuela holds Bitcoin valued at approximately $56 billion to $67 billion, with a total quantity exceeding 660,000 BTC, at a minimum of 600,000 BTC. Analysts pointed out that even if Maduro were arrested, the United States would not have full control over these Bitcoins, and related trials could impact the global Bitcoin market.