Jeff Park

takes it.

Then that's a little bit bad, right?

So I think that there are devils in the details to this.

And of course, like-

Yeah, no, it's tricky.

I think, though, what's really fascinating is Venezuela is not new to crypto from a technological perspective either.

You may remember back in like 2017, 2018, they experimented with the petrodollar and the ways to imagine it through crypto rails.

So this is why I think there's another data point to say Venezuela probably has some Bitcoin and crypto risks because they're very familiar with the technology.

And you're right that they've been selling gold since about seven years ago.

and why would they be selling gold if not to reinvest that somewhere else, right?

As kind of being orphaned from the rest of the global financial system.

It's not to buy treasury bonds, right?

So what are they going to buy?

They're probably buying Bitcoin, I think.

Yeah, indeed.

And this goes back to the trade-offs between gold and Bitcoin, in my opinion.

The other thing people talk about with Maduro's capture in particular is how they rope in the international law regime to whether to say this is good or bad.

And you hear conversations about violations of sovereignty, and you see it especially on some of the left side, even within this country, arguing about his release because it was unfair and a violation of international laws.

What I think people don't realize is international law as a category is pretty nebulous.

And why is it nebulous?