Venezuela's crypto trading volume approaches $45 billion. What is the strategic value of Bitcoin?

【Crypto World】Interestingly, Venezuela has always been very enthusiastic about Bitcoin. Some local politicians consider Bitcoin a “lifeline” for ordinary citizens and have even proposed to include it in the national reserves. From the data, the country’s crypto trading activity is indeed booming—between July 2024 and June 2025, the total trading volume approached $45 billion, which is quite significant.

As for how much Bitcoin Venezuela has actually accumulated, industry insiders have different estimates. Optimists believe it could be around $60 billion in value, while conservatives only acknowledge about 240 BTC (roughly $22 million). The two figures are wildly different, indicating that transparency is indeed an issue. However, regardless of the specifics, the importance of crypto assets in the country is evident—especially as traditional financial systems remain unstable, more and more people are turning their attention to on-chain assets. Still, future policy directions are uncertain, and whether the Bitcoin strategy can be sustained depends on how the situation develops.