A recent viral claim online states that Venezuela secretly accumulated 60 billion USD worth of Bitcoin. The number sounds shocking, but when we look at on-chain data, the story becomes interesting.

Officially verified Venezuelan Bitcoin wallets hold only 240 BTC. This huge discrepancy immediately raises a question—where does the rumor of 60 billion USD come from?

Digging into the background reveals clues. Venezuela's economic situation is indeed not optimistic, and the government’s desire for "hard currency" to stabilize the economy is understandable. But if such a large asset truly existed, it should have been used long ago to address national needs—purchasing food, vaccines, medical supplies, and other essentials. Yet, the reality is different.

Another perspective is the source of information. Is it possible that this is a smoke screen released by some "insiders"? Considering recent Bitcoin price fluctuations, a tantalizing positive rumor could easily be a tool for certain funds to push the market higher. Such "big news" is not uncommon in the crypto world.

What is the key criterion for judgment? On-chain data. Without actual transaction records to support it, such rumors are basically products of "imagination." The mention of "secret mining farms" in these rumors? No evidence can be found. The lack of these details significantly undermines the credibility of the entire claim.

Another factor to consider is the bias of the information source. Venezuela’s image in international public opinion is complex and delicate. Some foreign media reports may contain biases and preconceived notions, which can influence our understanding of the information.

Finally, a reminder: Bitcoin’s price fluctuations are influenced by multiple factors—Federal Reserve policies, global liquidity, market sentiment, and more. Even if Venezuela does hold a large amount of Bitcoin, the short-term impact on the market would be limited. blindly following any single piece of news is not wise.

This storm essentially reflects a characteristic of the crypto market—the space for misinformation is often larger than the data itself. Staying rational and valuing on-chain evidence are the survival principles in this field.