Following Nicolás Maduro’s ouster, attention has actually turned to Venezuelan opposition leader María Corina Machado’s prospective return, and with her, the potential customers for Bitcoin (CRYPTO: BTC) in the oil-rich country.
Machado Called Bitcoin ‘Lifeline’ For Venezuelans
Machado, who won the Nobel Peace Reward for her efforts to advance democracy in Venezuela, is a recognized Bitcoin supporter.
In a 2024 interview, she explained the peak cryptocurrency as a “lifeline” for Venezuelans throughout durations of devaluation.
Machado pictured Bitcoin as part of nationwide reserves in a “brand-new” Venezuela.
Venezuela’s Crypto Adoption
Venezuela has a long history of cryptocurrency use in the middle of devaluation, both by people looking for financial stability and the federal government counting on Tether ( CRYPTO: USDT) and Bitcoin to bypass sanctions.
The nation tape-recorded almost $45 billion in cryptocurrency deal volumes for the duration in between July 2024 and June 2025, according to blockchain analytics firm Chainalysis. It likewise stood above nations such as Japan and Argentina in Chainalysis’ 2025 Worldwide Crypto Adoption Index.
Venezuela’s Unconfirmed Bitcoin Cache
Some reports recommend that Venezuela might currently be resting on a big Bitcoin stack.
Multimedia publication Task Brazen mentioned that the nation might hold as much as $60 billion in BTC, mentioning sources acquainted with the matter.
A conservative price quote by Bitcointreasuries.net, an extensively utilized source for information on Bitcoin treasury companies, pegs Venezuela’s holdings at 240 BTC, worth $22 million, since this writing.
Why Does That Matter?
Remarkably, CNBC hypothesized that the U.S. possibly taking Venezuela’s BTC reserves and including it to its own Strategic Bitcoin Reserve might function as a “bull case” for the marketplace. The legality of such a relocation, nevertheless, is arguable.
Chances Not In Machado’s Favor
The other element to consider is whether Machado can presume power anytime quickly, considered that Venezuela is still led by Maduro’s deputy, Delcy Eloína Rodríguez
Bettors on Polymarket hardly see any possibility of the U.S. acknowledging Machado as the leader of Venezuela. She, nevertheless, pledged to go back to her nation in a current interview with Fox News.
Cost Action: At the time of composing, BTC was exchanging hands at $90,974.85, up 0.22% in the last 24 hr, according to information from Benzinga Pro.
Image Courtesy: Jonathan Mishkin on Shutterstock.com