Venezuela has experienced multiple instances of overseas gold reserves being confiscated in its history, which has sparked speculation about its possible interest in Bitcoin as a sanctions-resistant asset. Although there is currently no public evidence indicating that Venezuela owns state-controlled Bitcoin wallets, the difficulty of foreign confiscation of Bitcoin explains the ongoing discussion. If Venezuela does indeed hold such assets, legal disputes are likely to result only in their freezing in court, rather than triggering immediate market sell-offs. This highlights how sanctions are reshaping sovereign reserve strategies, leading them to turn to alternative sanctions-resistant options.