Here at Blockster, we are celebrating what may be one of the most decisive geopolitical power moves of our lifetime — President Donald Trump arresting Nicolás Maduro and taking temporary control over Venezuela. This alone deserves a medal of honor.
Scanning through today’s X crypto feed, I was shocked — not just by the headlines, but by the sheer scale of value that has been locked up for decades. Venezuela is sitting on an estimated $17 trillion worth of oil, while its national currency has been devalued by 99.9999999998% 🇻🇪.
Let that sink in.
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What used to buy a family a full week of groceries can no longer afford 1/100th of a pack of gum. This is what corruption, socialism, and theft from the people actually look like in practice.
From Oil to Onchain Assets
It will be interesting to see whether Trump introduces a Bitcoin-backed treasury framework in Venezuela — pairing its oil reserves with Bitcoin exposure and tokenized real-world assets, not just oil but potentially gold as well.
As Trump mentioned during Saturday’s press conference, he is already in talks with the largest oil companies in the world to rebuild Venezuela’s refineries and industrial infrastructure, finally unlocking the production capacity tied to those $17 trillion in reserves.
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The bigger question is what this looks like in practice: what potentially gets tokenized, how it’s structured, and on which blockchain these assets would ultimately live on.