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Hervé Beraud

FOSS Hacker
Principal Software Engineer at Red Hat
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Venezuela, Sanctions, and the Bitcoin Safe Haven: A New Geopolitical Game

Autored by Hervé Beraud on 8 January 2026

The world of geopolitics is rapidly intersecting with the digital realm, creating new power dynamics that are reconfiguring global finance. A stark example of this shift: Tthe US intervention in Venezuela and the arrest of Nicolas Maduro

Venezuela, Sanctions, and the Bitcoin Safe Haven: A New Geopolitical Game

The world of geopolitics is rapidly intersecting with the digital realm, creating new power dynamics that are reconfiguring global finance. A stark example of this shift can be seen in the recent history of U.S. intervention in Venezuela and the surprising evolution of traditional safe havens like Switzerland. This article explores how these events highlight the growing importance of decentralized assets like Bitcoin as the ultimate tool for financial sovereignty.

The Myth of Financial Neutrality Is Dead

For decades, Switzerland was the gold standard of neutrality, a sanctuary where individuals, corporations, and even heads of state could protect their assets. That perception has shattered. By freezing the assets of Venezuelan President Maduro under pressure from the international system, Switzerland demonstrated that it is no longer a neutral player. It now acts in alignment with the prevailing geopolitical powers.

This move sends a powerful message: even those at the highest echelons of power are vulnerable. If the leaders of the global financial system decide to, they can effectively pick the pockets of anyone, anywhere. It proves that relying on traditional institutions and third-party custodians for asset protection is a fundamentally flawed strategy. The only true protection lies in self-custody—holding your assets directly, without intermediaries. In the digital age, this means holding Bitcoin offline on a hardware key, the one and only way to escape third-party control.

Venezuela’s Pivot to Bitcoin

To bypass crippling economic sanctions on its oil industry, Venezuela has reportedly been seeking alternative financial rails. While official figures remain low, some reports suggest the nation may have secretly accumulated a war chest of as many as 600,000 BTC.

Initially, the Venezuelan state turned to USDT (Tether), a popular stablecoin pegged to the U.S. dollar. However, they quickly discovered its critical vulnerability. USDT is a centralized asset issued by a private company, Tether. This company has ultimate control over its smart contract, including a “pause” or “freeze” function. If the U.S. government identifies a wallet address linked to sanctioned entities, a simple legal injunction is enough to compel Tether to render those funds unusable. This is because USDT is deeply intertwined with the traditional financial system and U.S. debt.

This inherent weakness naturally pushed Venezuela toward the only truly censorship-resistant alternative: Bitcoin.

Why Bitcoin is Different: Decentralization is King

Understanding the technical distinction between USDT and Bitcoin is crucial to grasping this geopolitical shift.

  • USDT (Centralized): Issued and controlled by a single company. Transactions can be frozen or reversed by the issuer upon legal request. It requires trusting a third party (Tether) to honor the asset’s value and accessibility.
  • Bitcoin (Decentralized): Operates on a global, peer-to-peer network of thousands of computers. There is no central authority, no CEO, and no “Mr. Bitcoin” to pressure. No single entity can block or censor a transaction. The protocol only recognizes the mathematical validity of a signature from a private key.

This absence of a trusted third party is what grants true financial sovereignty to its owner, whether it’s a nation-state like Venezuela or an ordinary individual.

The Global Scramble for Digital Scarcity

Venezuela’s urgent need for liquidity is further evidenced by its reported sale of approximately $73 million in gold to Turkey and the UAE in 2018. This desperation for alternative financial circuits likely fueled its massive accumulation of cryptocurrency. Now, a new strategic game is afoot: what if the United States manages to seize this digital treasure?

Such a seizure would instantly make the U.S. government one of the world’s largest Bitcoin holders, allowing it to lock a substantial portion of the supply into its own strategic reserve. This is especially significant when you consider Bitcoin’s absolute scarcity. There will only ever be 21 million Bitcoin in existence, and an estimated 3 to 4 million are already permanently lost.

The available supply is extraordinarily limited. Today, owning one full Bitcoin places you in a class of absolute rarity, a fact not yet fully reflected by its current price.

Putting Scarcity into Perspective

To truly understand this rarity, let’s compare what a capital of €90,000 (roughly the price of one Bitcoin at the time of writing) represents across different asset classes:

  • Real Estate: Owning this amount in property is relatively common. Roughly 1 in 5 people hold this level of wealth in real estate.
  • Stocks: It becomes rarer in the stock market, with about 1 in 70 people holding an equivalent amount.
  • Gold: Ownership is even more exclusive. Only about 1 in 115 people own the equivalent of a Bitcoin in physical gold.
  • Bitcoin: The numbers here are staggering. Mathematically, only 1 in 500 people in the world will ever be able to own one full Bitcoin.

This means that owning a single Bitcoin is four times rarer than owning its equivalent in gold and nearly a hundred times rarer than owning it in real estate.

This profound scarcity is precisely why the world’s biggest players are now entering the space. The creator, Satoshi Nakamoto, holds an unmoved stash of 1.1 million BTC. Public companies like MicroStrategy are converting their treasury to Bitcoin, while financial giants like BlackRock are managing billions in Bitcoin ETFs for their clients. Nations are also making their move, with China, the UK, Bhutan, and El Salvador already positioned. By 2030, this asset will likely become far more difficult for the average person to acquire as institutions and states claim their share.

Wealth is Built, Not Won

While Bitcoin’s historical performance is impressive, it’s crucial to approach it with a level head. This is not a lottery ticket. The asset carries exceptional risks and can experience volatile downturns, sometimes losing 30% of its value in a short period.

Beyond your asset allocation, the real long-term difference-maker in your wealth-building journey is not just where you put your money, but your ability to be entrepreneurial. Investment alone does not create wealth from scratch; it amplifies existing capital. It is entrepreneurship and increasing your income that generates new wealth and gives you the power to invest more significantly over time.

Take Control of Your Financial Future

For those who wish to take action and build genuine financial sovereignty, here are some tools to get started:

  • Build Your Foundation: Start by building a base in traditional assets. You can open an account with Trade Republic to easily invest in stocks and ETFs.
  • Accumulate Bitcoin Daily: For those who want to “print” Bitcoin daily, GoMining provides an excellent entry point to accumulate fractions of BTC regularly while learning about the mining mechanisms that secure the network.

If you want to dive deeper into these strategies, learn how to secure your assets offline, or discover how to increase your income to invest more heavily, I invite you to join me on Patreon. There, I share my detailed analyses and we build the pillars of your financial independence together, far from the pressures of traditional institutions.

This content is meant to help you understand the vast geopolitical stakes behind the rise of crypto-assets. What are your thoughts? Do you believe the United States will succeed in seizing Venezuela’s Bitcoin? Share your perspective in the comments below—I read all your feedback.

If this article has helped you better understand the geopolitical issues behind crypto, feel free to share it and follow me on Twitter (X) or LinkedIn to stay up-to-date with future analyses.

In the meantime, stay free.