Venezuelan Leader Proposes Bitcoin as National Reserve Asset

2 mins mins

Key Points:

María Corina Machado proposes Bitcoin as a key reserve asset amid economic challenges in Venezuela.
Machado has a history of challenging the Maduro regime.
Potential impacts on cryptocurrency valuation and Venezuela’s economic strategy.

María Corina Machado has proposed Bitcoin to be a part of Venezuela’s national reserves by September 2024.

This proposal highlights Venezuela’s shifting economic strategy amidst fiscal challenges and Bitcoin’s role in potential asset diversification.

Venezuela’s Economic Turn with Bitcoin Reserves

María Corina Machado, a prominent Venezuelan opposition leader, recently proposed that Bitcoin be integrated into the nation’s reserve assets amidst the ongoing economic turmoil. While the current administration holds 240 Bitcoin, estimated at around $22.33 million, the move could signify a shift in Venezuela’s monetary approach.

“If adopted, the proposal would mark a notable pivot from Venezuela’s past digital currency strategies,” she remarked during a recent interview, highlighting the discontinuation of the Petro digital currency in January 2024. Additionally, her suggestion raises questions about how Bitcoin might offer economic stabilization amidst the country’s fiscal struggles.

Communities and market participants have mixed reactions regarding Machado’s advocacy for Bitcoin reserves. Currently, no official reactions from big industry figures or regulatory institutions have been recorded. As the proposition gains traction, analysts predict that the proposal may influence Bitcoin’s valuation, adding speculative interest to the cryptocurrency.

Bitcoin’s Market Dynamics and Potential Impact on Policy

Did you know? María Corina Machado’s advocacy for Bitcoin represents a significant departure from Venezuela’s previous reliance on the Petro. This shift highlights a broader regional trend of integrating decentralized currencies into governmental financial strategies.

Bitcoin’s current market dynamics show a price at $92,841.72, with a market cap of $1.85 trillion and commanding 58.74% dominance in the crypto market. Recent trading volumes reached $33.52 billion, reflecting a 28.44% increase. Over the last 90 days, the price has decreased by 25.33%, as reported by CoinMarketCap.

bitcoin-daily-chart-5438 — Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 11:18 UTC on January 5, 2026. *Source: CoinMarketCap*

Coincu research analysts suggest that if officially adopted, such a move could affect regulatory landscapes and influence Bitcoin’s adoption in other regions. History indicates that public sector acceptance tends to enhance cryptocurrency status, potentially driving broader technological and fiscal innovation.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.