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Blockchain

Venezuela Hiding Bitcoin Worth $60 Billion? Maduro’s Fall Puts Crypto Markets on Edge

Following the ousting of President Nicolás Maduro, speculation has arisen regarding Venezuela's substantial holdings in bitcoin, potentially valued at $60 billion. Experts suggest that due to the country's exclusion from the global financial system, it is likely that Venezuela accumulated a significant amount of cryptocurrency alongside other assets.

Venezuela Hiding Bitcoin Worth $60 Billion? Maduro’s Fall Puts Crypto Markets on Edge

Credit: Timesnownews

Key Highlights

  • Venezuela may hold bitcoin worth up to $60 billion.
  • The country was severely restricted by US sanctions, limiting access to traditional financial markets.
  • Experts believe Venezuela likely accumulated bitcoin as a safeguard against economic instability.
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Sources

  1. Venezuela Hiding Bitcoin Worth $60 Billion? Maduro’s Fall Puts Crypto Markets on Edge

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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