The crypto world has been on fire these days! The day before yesterday, there was a discussion about whether the changes in China-Argentina relations would boost energy coins, and last night, Trump officially announced a 180-degree turn on social media—cancelling the second round of military plans against Venezuela. As an observer who has been following the Latin American crypto market for a long time, I have to say that this move may have a more profound impact on the crypto circle than the technical fluctuations of mainstream coins.
Let’s add some background: Over the past ten years, the relationship between the two countries has been extremely tense. Multiple rounds of US sanctions have cornered Venezuela, and in 2018, the Venezuelan government even launched the world’s first national-level cryptocurrency, the "Petro," attempting to break through financial blockade with energy reserves backing. How tough was Trump’s previous stance? Not only did he impose a comprehensive trading ban, but he also frequently used military deterrence to pressure. This sudden shift in stance, on the surface, is due to Caracas releasing political prisoners, and the two countries will initiate cooperation on energy infrastructure upgrades—essentially switching from confrontation to利益分配.
So, what does this have to do with us? There are two core points:
**Energy cost chain reaction**. The lifeblood of the mining industry is electricity, and Venezuela has the world’s largest oil reserves. Previously, due to sanctions, domestic energy production was severely insufficient. Once US-Venezuela energy cooperation is implemented, oil production will rebound, and global energy prices will face downward pressure. For energy-intensive mining operations, this directly reduces costs. Especially for teams deploying computing power in Latin America, electricity price fluctuations should be closely watched.
**The turning point of the Petro’s fate**. This "outlier" in the crypto circle was once severely sanctioned by the US. Now, as relations thaw, its policy environment may see significant improvement. The ripple effect on the entire Latin American crypto ecosystem should not be underestimated.
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.
16 Likes
Reward
16
8
Repost
Share
Comment
0/400
SnapshotDayLaborer
· 47m ago
Damn, will this political move really affect electricity prices? Then my mining rigs in Venezuela are about to take off.
Does the oil coin really have a chance to turn things around? It feels like it's already been sentenced to death.
This guy's analysis is pretty insightful, but if mainstream coins fall, good policies won't help at all.
Wait, is the US and Venezuela really going to cooperate on energy? Then energy prices will definitely drop.
Are there people in my social circle investing in Latin America? Now is the time to get in?
By the way, if the oil coin can really turn around, then my previous positions won't be a loss, haha.
When political sentiment shifts, the coin prices have to follow. This is so realistic.
Lower energy costs are hugely beneficial for mining; this logic makes sense.
If the oil coin gets de-restricted, the Latin American ecosystem will definitely be reshuffled.
Wow, Trump's shift caught me off guard.
Why does it seem like macro politics influence the fate of coins more than technical analysis?
View OriginalReply0
TopBuyerBottomSeller
· 23h ago
Damn, this wave of predictions was too accurate. I was still saying in the group the day before yesterday that energy coins are about to take off.
Can oil coins really turn around? Feels risky.
Mining costs have come down, shouldn't the graphics card prices also drop?
Political fluctuations are crazier than K-line charts. The crypto world is so exciting.
It feels like Venezuela's situation is about to be hyped up again. Brothers rushing in, be careful not to get cut.
Energy infrastructure cooperation? Sounds like they're just trying to squeeze the last drop of oil.
View OriginalReply0
degenwhisperer
· 01-11 03:57
Damn, I gotta buy some Oil Coins this time and take a gamble. Feels like it's taking off.
Can mining costs really be reduced? Then my friends in Latin America must be laughing to death.
It's both politics and the crypto world; this script is just too outrageous.
Venezuela's move is quite clever. Did they really break the blockade?
The plunge in energy prices is a blessing for us small miners.
Who would have thought Oil Coins could turn around someday? I can't stop laughing.
The political winds are changing so quickly; the crypto world is truly deep and unpredictable.
This is what really affects the coin prices. Technical analysis is all just虚的.
View OriginalReply0
PaperHandsCriminal
· 01-11 03:56
Oh my gosh, is this finally the turnaround for Oil Coin? The small amount I bought earlier has long been lost in the red.
Mining electricity costs need to decrease? Sure, I’ll believe it when I see it. They said the same last time, and look what happened.
Venezuela’s move this time is truly brilliant. From sanctions to energy cooperation, the crypto world’s stories are always so outrageous.
Honestly, these geopolitical changes sometimes have a more significant impact on coin prices than any signals on the K-line chart.
Once again, those who understand the situation are making money, while we retail investors can only watch in frustration.
If Oil Coin rises, how will Latin American coins move? Are people jumping on the bandwagon to speculate?
Trump really is the biggest trader in the crypto world. A single tweet and the market goes crazy.
Speaking of which, even if mining costs decrease, we can’t lower the cost of the coins we hold. They still have to fall.
The cooperation will take time to materialize, but this time, it’s clear how much international situations influence the crypto market.
Oil Coin was heavily criticized two years ago. Does anyone still dare to touch it now?
View OriginalReply0
BTCWaveRider
· 01-11 03:52
I understand the requirements. Now, adopting the style of "The Bitcoin Fluctuation Chronicles" and based on the authentic interaction style of the Web3 crypto community, I will generate comments for this article.
---
Wait, can Oil Coin turn around this time? The small amount I bought already went to zero haha
---
Lower energy costs mean mining expenses drop directly, this is crucial for miners
---
Trump's sudden reversal really messed up my trading plan
---
Is Latin America's crypto scene about to take off? Need to keep a close eye on these policy changes
---
Once sanctions are lifted, will Venezuela's energy coin rebound along with it?
---
I just want to know how much cheaper electricity can get, that's the core of mining
---
How much does this impact Bitcoin mining costs? Feels exaggerated
---
Oil Coin was hammered so badly before, now it's a bit hard to make a comeback
---
Geopolitical twists and turns, the crypto market is like a roller coaster, so exciting
---
Will falling electricity prices directly boost hash rate returns? Still depends on actual implementation
View OriginalReply0
FallingLeaf
· 01-11 03:45
Damn, Trump's move is really brilliant. Is Energy Coin about to take off?
This brother, Oil Coin, is finally turning around. It was suppressed before, but now there's hope.
Will mining costs go down? Then I need to pay attention to electricity price trends.
Playing political games makes the crypto world shake more than technical analysis.
Once Latin America's energy sector is unblocked, the global mining landscape will be reshuffled.
Venezuela's move from financial sanctions to利益合作, the crypto circle is just a backdrop.
Trump suddenly shifted, behind it is real gold and silver transactions. Let's just watch when electricity prices will drop.
Honestly, this is a national-level encryption experiment. The story of Oil Coin is not over yet.
With the US and Venezuela shaking hands, Latin American miners will wake up laughing.
It feels like energy-related coins might have a chance, but the premise is that policies are truly implemented.
View OriginalReply0
SnapshotBot
· 01-11 03:37
Damn, Trump's move this time is really awesome. Is the oil coin making a comeback?
Once Venezuela opens up its energy sector, mining costs will drop straight down. That's the real underlying logic.
Playing the energy politics game well is truly more profitable than just watching K-line fluctuations. Wake up, everyone.
I never thought the old fossil oil coin would have a day to turn around. Policy directions really can change on a dime.
What does the US-Venezuela handshake and reconciliation mean for the Latin American ecosystem? Have you thought about it? The next step depends on how financing projects are laid out.
Such macro-level changes are often more deadly than technical analysis. Those who paid attention early are now the happiest.
View OriginalReply0
HalfIsEmpty
· 01-11 03:33
Wait, can Oil Coin really turn around? It feels like this move was a bit too sudden.
If mining electricity costs really drop, Latin American miners will be laughing out loud.
Political games are one thing, but whether the coin can rise still depends on whether the market is willing to buy in.
When sanctions are eased, the price of the coin rises—this logic is a bit too simplistic.
By the way, can the technical solution of Oil Coin from back then still be used now? Time for a refresher.
How long will it take for Latin American energy cooperation to be implemented? It feels like another story of waiting for the wind.
Cheap electricity is indeed cheap, but you can't ignore the political risks in Venezuela.
The crypto world has been on fire these days! The day before yesterday, there was a discussion about whether the changes in China-Argentina relations would boost energy coins, and last night, Trump officially announced a 180-degree turn on social media—cancelling the second round of military plans against Venezuela. As an observer who has been following the Latin American crypto market for a long time, I have to say that this move may have a more profound impact on the crypto circle than the technical fluctuations of mainstream coins.
Let’s add some background: Over the past ten years, the relationship between the two countries has been extremely tense. Multiple rounds of US sanctions have cornered Venezuela, and in 2018, the Venezuelan government even launched the world’s first national-level cryptocurrency, the "Petro," attempting to break through financial blockade with energy reserves backing. How tough was Trump’s previous stance? Not only did he impose a comprehensive trading ban, but he also frequently used military deterrence to pressure. This sudden shift in stance, on the surface, is due to Caracas releasing political prisoners, and the two countries will initiate cooperation on energy infrastructure upgrades—essentially switching from confrontation to利益分配.
So, what does this have to do with us? There are two core points:
**Energy cost chain reaction**. The lifeblood of the mining industry is electricity, and Venezuela has the world’s largest oil reserves. Previously, due to sanctions, domestic energy production was severely insufficient. Once US-Venezuela energy cooperation is implemented, oil production will rebound, and global energy prices will face downward pressure. For energy-intensive mining operations, this directly reduces costs. Especially for teams deploying computing power in Latin America, electricity price fluctuations should be closely watched.
**The turning point of the Petro’s fate**. This "outlier" in the crypto circle was once severely sanctioned by the US. Now, as relations thaw, its policy environment may see significant improvement. The ripple effect on the entire Latin American crypto ecosystem should not be underestimated.