Venezuela allegedly hides 600,000 Bitcoins: the truth or a myth worth $60 billion?

2026-01-07 11:31:17

Unverified reports suggest that Venezuela may be hiding up to 600,000 Bitcoins, worth nearly $60 billion. Reporter Bradley Hope and commentator Sereniti claim that Venezuela might have circumvented sanctions by selling gold and using USDT for oil transactions, thereby accumulating these Bitcoins. The report links this batch of Bitcoins to Alex Sab and a Swiss lawyer, alleging that they exchanged approximately $2 billion worth of gold for about 400,000 Bitcoins at a price of around $5,000 per Bitcoin. Additionally, they reportedly earned a total of $56 billion to $67 billion through oil-related cryptocurrency activities and seizure of mining farms. Despite widespread speculation and Bitcoin soaring to $91,600 in early January 2026, on-chain evidence does not support this claim; public records show that the Venezuelan government officially holds only about 240 Bitcoins. Major blockchain companies and analysts emphasize that this figure remains speculative and lacks verifiable data.

BTC2%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.