An interesting historical detail: long before the concepts of DeFi and RWA truly gained popularity, government entities were already experimenting with digital assets. The Venezuelan government was a pioneer in this area.

According to publicly available data from CoinGecko, the Venezuelan authorities currently hold about 240 Bitcoins. However, this number might only be the tip of the iceberg—industry rumors suggest that through multi-layered reserve mechanisms and shadow accounts, the actual amount of Bitcoin controlled by the country could reach 600,000, ranking it among the top four largest holders worldwide.

This large-scale layout reflects early exploration of the shift from traditional financial systems to on-chain assets. From the perspective of government holdings, Bitcoin's role as a store of value has long surpassed mere speculation.