#比特币储备战略 Seeing this move by Venezuela, I suddenly recalled many events from 2017. Back then, we saw numerous cases of countries attempting to use crypto assets to evade sanctions, but few were as large-scale and intricately operated as this shadow reserve system.

Since 2018, accumulating to now, a reserve of 60 billion USD in BTC—this number is easy to state, but the underlying logical chain requires careful analysis. Gold swaps, USDT settlements, mixers, multi-signature cold wallets... the architects of this combination clearly understand financial concealment. I’ve seen many projects testing the waters back then, but this time, Venezuela is essentially transforming its entire national resource systemically into decentralized assets.

What’s most intriguing isn’t the money itself, but the dispersal mechanism of the private keys. The multi-signature setup designed by Swiss lawyers disperses keys across different jurisdictions—an adept move. In today’s power vacuum, whoever controls these fragmented keys holds the fate of the game. We’ve seen too many "sleeping" whale addresses frozen forever, and assets vanish into thin air amid intelligence and legal gray areas.

This incident is actually a reenactment of an ancient story: the ultimate test of national reserve strategies. MicroStrategy, El Salvador’s national reserves—these are the obvious players. But Venezuela’s covert move has pushed BTC from financial innovation to the forefront of geopolitical strategy. Every subsequent step—from interrogations, to potential flows of private keys, to market expectations adjustments—could reshape the global landscape.

History has shown us that covert transfers of large assets often determine the reallocation of power in an era. This time, we are on the scene.