2026-01-09 05:23:31

Rumors about whether Venezuela is secretly hoarding BTC have recently sparked considerable controversy within the community.

Several crypto research institutions have reported that the Venezuelan government has accumulated a large amount of Bitcoin over the years through gold exchanges, oil settlements, and other methods—rumors suggest the number could be as high as 600,000 coins, worth over $60 billion. That sounds truly shocking.

However, the situation is not so simple. On-chain analysts generally believe that if such a massive amount of BTC had indeed been accumulated, it would be nearly impossible to keep it completely hidden on the transparent blockchain ledger. Currently, publicly available on-chain records show that the Venezuelan official holdings of Bitcoin are less than around 200 coins. The gap between this and the 600,000 figure is indeed huge.

Another noteworthy fact is that Venezuelan citizens are indeed using cryptocurrencies to hedge against inflation. This phenomenon does exist. But based on the existing evidence, the story of an "astronomical digital hoard" still has many doubts. Is it an upcoming black swan event in the market, or an overhyped speculation? We probably need to keep observing.

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MevHunter

· 8h ago

600,000 tokens? Damn, a quick check on the chain exposes it—this story has too many loopholes.

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PessimisticLayer

· 16h ago

It's the same old story again, 600,000 tokens? Give me a break. On-chain scams, I really don't believe these numbers. Venezuelans using cryptocurrencies to hedge inflation is actually true; this is something worth paying more attention to. 200 vs 600,000, the gap is just too absurd. If anyone believes this, I bow to you. It's another overhyped story, let's talk about it later.

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FUD_Whisperer

· 01-10 05:01

600,000 tokens? Why do so many people like to make up stories On-chain data is right there, 200 tokens versus 600,000, and I feel embarrassed for the committee Just another round of overhyped rumors, it's always like this

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ReverseTradingGuru

· 01-09 19:23

600,000 coins? Wake up, the on-chain data is right there, this is just selling anxiety. It's the same trick again; if they really hoarded that much, it would have been exposed long ago. Public buying the dip is much more reliable than the government secretly hoarding supplies. Rumors, rumors, it's always like this; in the end, they just fade away. That's the good thing about blockchain—can't fool people. 200 coins vs. 600,000 is truly ironic. Not believing this time, but we need to stay alert next time. For now, there's no concrete evidence. They're feeding us chicken soup again. Forget it, let's keep observing.

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FloorSweeper

· 01-09 05:53

nah this 60 million btc thing is straight fud, on-chain doesn't lie and these paper hands keep spreading rumors. weak signals everywhere fr

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DeFiDoctor

· 01-09 05:48

With on-chain data so clear, they can still craft a story of 600,000 tokens. I've seen this tactic too many times when diagnosing bad projects.

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BlockchainArchaeologist

· 01-09 05:43

600,000 tokens? Come on, that's not realistic. With such transparency on the chain, how could something this big happen without anyone noticing?

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On-ChainDiver

· 01-09 05:40

600,000 tokens? Wake up, this is just another round of marketing. It's all clear on the blockchain, just arguing for the sake of arguing. The people of Venezuela are the true Bitcoin users. It's another hyped-up story, the real numbers will tell the truth. These rumors come up every month, I'm done.

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GasFeeSobber

· 01-09 05:39

600,000 tokens? Wake up, everything on the chain is transparent. --- It's the same old story, and quite a few still believe it. --- Wait, 200 tokens versus 600,000? Someone's trying to create a hot topic. --- Venezuelan people using their currency to hedge inflation is real, but the hoarding story is pure nonsense. --- Black swans or paid hype, we really have to wait for on-chain data to tell. --- There's no hiding in front of a transparent ledger, don't try to sell me that. --- 600,000 tokens? Haha, you really dare to tell that story.

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