- Buy Crypto
- Markets
- Futures
- Spot
- Copy Trade
Earn- More
Analysts Remain Skeptical About "Whether Venezuela Holds 600K BTC"
BlockBeats News, January 6th. The recent actions taken by the United States against Venezuelan President Maduro have once again sparked discussions about whether Venezuela has an "undisclosed Bitcoin reserve." Investigative journalist Bradley Hope claims that the Venezuelan government may have converted gold to Bitcoin over the years, with a potential scale of up to 600,000 BTC, valued at around $60 billion.
However, several mainstream blockchain analysis firms have not found any on-chain evidence to support this claim. Hope's figure of 600,000 BTC is not based on on-chain data but rather on a mathematical calculation based on Venezuela's gold sales since 2018.
Frank Weert, co-founder of Whale Alert, stated that if Venezuela indeed holds such a significant amount of Bitcoin, it would be almost impossible to completely evade tracking by blockchain analysis firms, and any related claims would require "very strong evidence."
Nevertheless, analysts point out that Venezuela has indeed been actively exploring the use of cryptocurrency. The country has launched the state-backed digital currency Petro, anchored to oil, and has utilized crypto payments in energy and cross-border transactions. Due to high domestic inflation, Venezuela ranked in the top 20 in global cryptocurrency adoption in 2025.
Currently, the official status of Venezuela's cryptocurrency holdings remains highly opaque. Several institutions, including Arkham, Chainalysis, and Elliptic, have not confirmed the existence of large-scale Bitcoin wallets directly linked to the government. Analysts believe that even if such assets exist, they may be highly concealed through coin mixers, cross-chain transactions, and offshore OTC channels.
You may also like
Aster Coin: A Deep Dive into Its Price, Potential, and Why It’s Catching Eyes in 2026
Have you ever stumbled upon a crypto project that seems poised for growth amid market volatility, only to…
Left Hand BTC, Right Hand AI Computing Power: The Gold and Oil of the Data Intelligence Era
Solana Price Prediction: Morgan Stanley Just Filed for a SOL ETF – Is This the Beginning of Wall Street’s Next Crypto Obsession?
Key Takeaways Morgan Stanley’s filing for a SOL-based ETF signifies growing institutional interest in cryptocurrencies beyond Bitcoin, boosting…
Binance Launches Regulated Gold and Silver Perpetual Futures Settled in USDT
Key Takeaways: Binance has introduced its first regulated perpetual futures contracts, which are tied to traditional assets like…
Ondo Finance Price Prediction – ONDO Anticipated to Decrease to $0.331411 by Jan 12, 2026
Key Takeaways The prediction for Ondo Finance (ONDO) indicates a significant price decline to $0.331411, translating to a…
Capital Inflows into Bitcoin: An Examination of Current Trends and Future Implications
Key Takeaways Institutional long-term holding strategies have reshaped Bitcoin’s traditional market cycles. Capital inflows into Bitcoin have dried…
Pentagon Pizza Index Soars 1250%: Who Will Be the Next Venezuela?
From Manus' Shihong onwards, those Coinsquare interns
All these uncommon things in the crypto world are listed on Idle Fish
The old altcoin script is outdated, take you to decipher the new market structure
Key Market Information Discrepancy on January 8th - A Must-See! | Alpha Morning Report
Rumble Launches Crypto Wallet in Collaboration with Tether, Boosting Share Value
Key Takeaways: Rumble’s latest innovation integrates cryptocurrency tipping for content creators directly within its platform. Built in partnership…
Babylon Labs Secures $15 Million from a16z Crypto to Enhance Bitcoin Collateral Framework
Key Takeaways Babylon Labs has successfully raised $15 million from a16z crypto to further develop and expand its…
Crypto Markets Today: Bitcoin Slides as Asia-Led Sell-Off Hits Altcoins
Key Takeaways: Bitcoin could not surpass the $94,500 mark and fell to roughly $91,530, contributing to a wider…
Start-of-the-Year Crypto Rally Stalls: What’s Next?
Key Takeaways The initial crypto market boost at the start of 2026 has lost momentum, primarily due to…
Strategy’s STRC Preferred Stock Rebounds to $100: Potential Catalyst for Bitcoin Purchases
Key Takeaways STRC, the perpetual preferred equity of Strategy, returns to $100, the first time since November. This…
Barclays Invests in Stablecoin Settlement Firm as Tokenized Infrastructure Expands
Key Takeaways Barclays has invested in Ubyx, a U.S.-based startup focused on developing clearing systems for tokenized forms…
Karatage Welcomes Shane O’Callaghan as Senior Partner in Strategic Move
Key Takeaways Karatage, a London-based hedge fund, appoints Shane O’Callaghan as a senior partner to enhance its institutional…
Aster Coin: A Deep Dive into Its Price, Potential, and Why It’s Catching Eyes in 2026
Have you ever stumbled upon a crypto project that seems poised for growth amid market volatility, only to…
Left Hand BTC, Right Hand AI Computing Power: The Gold and Oil of the Data Intelligence Era
Solana Price Prediction: Morgan Stanley Just Filed for a SOL ETF – Is This the Beginning of Wall Street’s Next Crypto Obsession?
Key Takeaways Morgan Stanley’s filing for a SOL-based ETF signifies growing institutional interest in cryptocurrencies beyond Bitcoin, boosting…
Binance Launches Regulated Gold and Silver Perpetual Futures Settled in USDT
Key Takeaways: Binance has introduced its first regulated perpetual futures contracts, which are tied to traditional assets like…
Ondo Finance Price Prediction – ONDO Anticipated to Decrease to $0.331411 by Jan 12, 2026
Key Takeaways The prediction for Ondo Finance (ONDO) indicates a significant price decline to $0.331411, translating to a…
Capital Inflows into Bitcoin: An Examination of Current Trends and Future Implications
Key Takeaways Institutional long-term holding strategies have reshaped Bitcoin’s traditional market cycles. Capital inflows into Bitcoin have dried…
App