Recent rumors suggesting that the Venezuelan government holds up to $6 billion in Bitcoin lack credible evidence, according to Mauricio Di Bartolomeo, co-founder of Ledn. Di Bartolomeo, a veteran Bitcoin miner in Venezuela, highlighted that these claims are speculative and not supported by on-chain data. He noted that while Venezuela has engaged in cryptocurrency transactions for oil and seized mining equipment, there is no proof that a 2018 gold sale was converted into Bitcoin. Di Bartolomeo also pointed out inconsistencies with the Venezuelan Central Bank's official reserves, which stand at approximately $9.9 billion, contradicting the rumored Bitcoin holdings. He emphasized that the country's corrupt system likely prevents any cryptocurrency revenue from benefiting the national treasury, citing a $17.6 billion embezzlement scandal involving illegal oil transactions. Additionally, Venezuela's infrastructure challenges make large-scale Bitcoin mining operations improbable.