coinfomania.com
María Corina Machado, Venezuela’s leading opposition figure and 2025 Nobel Peace Prize winner, has proposed a bold economic plan. She wants Venezuela to sell its oil for Bitcoin and build a large national reserve. The plan aims to protect the country’s wealth and modernize its economy. However, it faces major political and financial challenges.
Venezuela’s Bitcoin Proposal
Machado believes Venezuela must use digital assets to recover from years of economic instability. The country holds around 300 billion barrels of oil. Selling oil for Bitcoin, instead of just U.S. dollars, could help Venezuela build a secure reserve. Experts estimate that this approach could generate over $100 billion in Bitcoin. Machado says a crypto reserve would protect wealth against inflation and attract foreign investment.
Learning from El Salvador
This idea follows the example of El Salvador, which adopted Bitcoin as legal tender in 2021. Since then, El Salvador’s Bitcoin holdings have sometimes increased in value. Supporters say Venezuela could benefit similarly. Crypto enthusiasts have called this move the start of a “Bitcoin arms race.” They argue that digital reserves can give countries more financial independence and stability.
Economic and Political Challenges
Despite the potential, obstacles remain. U.S. sanctions still limit Venezuela’s oil exports. These rules could make it hard to trade oil for Bitcoin. In addition, not all Venezuelans trust dramatic economic reforms. Public opinion remains divided, and many fear another crisis if policies are implemented too quickly. Machado will need broad support from lawmakers, investors, and citizens to make this plan work.
A Vision for Venezuela’s Future
Machado’s proposal reflects a long-term vision for a post-Maduro Venezuela. She aims to create a modern economy with digital assets at its core. If successful, selling oil for Bitcoin could boost the country’s reserves, attract investment, and increase economic stability. While the plan is ambitious, it shows how Venezuela’s next leader could rethink national finance in the age of cryptocurrencies.