Venezuela Linked to Over 600,000 Bitcoin in Intelligence-Backed Estimates

TL;DR:

Market attention has shifted toward Venezuela following intelligence-linked reports suggesting the country accumulated a large Bitcoin position over several years through non-traditional settlement mechanisms. Estimates place the total value of the holdings between $56 billion and $67 billion, posit...

Key Points:

Background:

Cryptocurrency markets continue to evolve with new developments affecting the broader digital asset ecosystem.

Why It Matters:

This development could influence BTC price action and market sentiment in the near term.