$BTC The shocking rumor is false! Venezuela did not stockpile 60 billion dollars worth of Bitcoin! Recently, there has been crazy talk in the community claiming that Venezuela secretly accumulated Bitcoin worth 60 billion USD, and the details sound convincing. I just saw it and was shocked too, but after digging deeper, I found that this is most likely an “onion news” — all hype! The sources are only three: selling gold for Bitcoin? Using cryptocurrency to buy oil? The government confiscated mining machines and mined themselves? Each of these has been debunked. An old-timer who has been mining in Venezuela for years directly said: there’s no on-chain evidence at all! That $2.7 billion gold transaction never turned into Bitcoin. And think about it, if they really had one or two hundred billion in BTC, would the central bank’s previous data match? It would have been exposed long ago! In my opinion, this rumor is only popular because many people wish for a “national team” to step in and support the market. But the reality is, even if there is cryptocurrency income, in a place like Venezuela riddled with corruption, the money has long gone into officials’ pockets. Last year, regulators were exposed for embezzling over 17 billion, and the state grid can’t even guarantee electricity for ordinary people, yet they’re mining? Come on! What impact does this have on the market? Once such false news spreads, it’s easy for a few to use it to create panic or trap investors. Do you blindly rush in when you see “whale entering”? Be careful not to be chopped up like a leek! What should players do? Simple: don’t believe everything you hear! Before investing, check on-chain data and rely on trustworthy sources. The more volatile the market, the more you should hold your wallet and think calmly — if there were really big positive news, would you and I be the first to know from friends’ circles? Want to avoid being fooled? Follow me, and I’ll help you see through the real market behind the news.