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Venezuela Secretly Holds 600,000 Bitcoin
🔹Recently, there have been rumors that Venezuela may have secretly accumulated up to 600,000 BTC, worth approximately $60 billion. This information has even been mentioned by CNBC.
🔹If the US confiscates this Bitcoin and adds it to the Strategic Bitcoin Reserve fund, it would be a very large amount since the US government currently holds about 328K+ BTC, more than the MicroStrategy company (673K+ BTC)
🔹However, there is currently no verified evidence supporting the figure of 600,000 BTC.
🔹On-chain data and monitored government wallets show that Venezuela currently holds only about 240 BTC, which is much lower than the rumors.
🔹Therefore, the story of 600,000 BTC remains speculative at this point, with no concrete data.
#CryptoMarketRebound