Bitcoin’s growing value and increased use in international trade have thrust it into the limelight amidst the latest geopolitical conflict after the United States captured and extradited Venezuelan dictator Nicolas Maduro.
Major news outlets like CNBC report a shadow reserve of “tens of billions” in Bitcoin owned by the Venezuelan regime, which would make Venezuela the fourth-largest holder of Bitcoin, only trailing Strategy, BlackRock’s IBIT ETF, and Bitcoin’s creator, Satoshi Nakamoto.
There is also growing speculation that the United States seized the Bitcoin, and that the seized assets could become part of the United States’ strategic reserve.
To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
