According to recent remarks from a Fed official, the potential economic risk stemming from Venezuela's situation primarily flows through energy markets rather than direct trade channels. Specifically, oil price movements are seen as the main transmission mechanism for any broader economic impact. However, current observations suggest this risk hasn't materially materialized yet in actual price dynamics. This takes on particular importance for crypto traders, as oil and energy prices often correlate with risk sentiment and broader market cycles. Understanding where central banks perceive vulnerabilities—and equally importantly, where they don't—can help inform positioning decisions. The distinction between theoretical risks and those actually pricing into markets remains a critical lens for analyzing both traditional finance and digital asset valuations.