There are reports that Venezuela has hidden over 600,000 Bitcoins, worth over $60 billion USD.

Since 2018, the Venezuelan government has been accumulating this large amount through gold swaps and settling oil transactions in USDT to evade sanctions. They bought at an average price of $5,000 at the time, and now it's worth $90,000. Calculate the return on investment.

U.S. authorities are interrogating those involved and are now trying to seize the mnemonic phrases for these coins.

600,000 coins is 12 times the amount the German government sold last year. Selling just 50,000 coins caused the market to drop by 15-20%.

Currently, the top Bitcoin holders worldwide are: Satoshi Nakamoto with 1.1 million coins, BlackRock with 770,000, MicroStrategy with 670,000, and Venezuela's 600,000+ ranks fourth.

Three possibilities: legal action locking the coins for 5-10 years, reducing circulating supply; strategic reserves, possibly directly nationalized by Trump; and a very low probability of emergency liquidation. The government is very friendly towards Bitcoin, so asset freezing is the most likely scenario.

Regardless of the outcome, it will reduce supply, which is bullish in the long term. In the short term, there may be panic selling, but fundamentally, it's good news.