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What US Control of Venezuela’s Oil Means for Bitcoin

Natural gas and oil prices have been under pressure since the Donald Trump administration captured Venezuela’s President Nicolas Maduro over the weekend. At the same time, Bitcoin’s price has risen, reaching $93,565 as of this writing, according to data from CoinGecko. The key question on every crypto investor’s mind right now is whether Maduro’s arrest

Andrew Richard2 min read

What US Control of Venezuela's Oil Means for Bitcoin

Natural gas and oil prices have been under pressure since the Donald Trump administration captured Venezuela’s President Nicolas Maduro over the weekend. At the same time, Bitcoin’s price has risen, reaching $93,565 as of this writing, according to data from CoinGecko. The key question on every crypto investor’s mind right now is whether Maduro’s arrest is the catalyst that propels Bitcoin above $100,000 for the first time since mid-November. Here is what analysts think.

On Saturday, Trump revealed that his government had executed a military operation in a South American country, Venezuela, capturing its president and his wife. Since the news, the price of natural gas has declined 6%, with oil dropping below $57 per barrel, according to The Kobeissi Letter’s recent report.

Interestingly, previous geopolitical escalations have led to increased oil and gas prices, but this time, the story is different. Market analyst on X, Bull Theory, claims that the shift is likely due to Trump’s plans to take over Venezuela’s oil reserves, estimated to be worth $17 trillion.

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