Venezuela's Bitcoin Reserves May Reach 660,000 Amid Geopolitical Tensions
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 06 2026- Bitcoin Reserve Estimate: Venezuela may hold between 600,000 and 660,000 Bitcoins, valued between $56 billion and $67 billion at current prices, indicating the country's potential influence in the cryptocurrency space.
- Official Wallet Data: Public blockchain data reveals that the government's official wallets contain only about 240 BTC worth approximately $22 million, contrasting sharply with claims of larger reserves and highlighting issues of transparency.
- Source of Reserves Analysis: Reports suggest that the accumulation began around 2018 through gold sales and oil transactions priced in stablecoins converted to Bitcoin, demonstrating the state's strategy in utilizing cryptocurrency for value transfer.
- Market Reaction: Bitcoin traded above $93,000 as these unverified reports circulated, with market participants closely monitoring price movements tied to the speculation, indicating high sensitivity to potential reserve claims.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
