There is no reason for this to have a big impact on the price. The issue of Venezuela holding Bitcoin and buying Bitcoin by selling oil may have had a small impact on the Bitcoin market for a while, but it is not a major change. People are thinking that if Venezuela really holds 600,000 Bitcoins and the United States seizes them, then there is a possibility that 600,000 Bitcoins will remain unsold for a long time, which will reduce the current supply of Bitcoin in the market, which will cause a small market change. If this had happened five years ago, there might have been a big change in the price of Bitcoin, but now the number of Bitcoin holders has increased significantly, so Bitcoin is slowly returning to equilibrium.
People are over-estimating the size of the Bitcoin holdings of this country. I am sure we indeed have Bitcoin but that figure is too big and the private keys of those Bitcoins are not in public hands, like in El Salvador or other countries which openly hold Bitcoin, private keys are in the hands of elite politicians who treat those Bitcoin as their private property, even though they mined and acquired those Bitcoins with public electricity and with public money.
Basically we are talking about Bitcoins which are product of corruption, those Bitcoin will not be seized by the government of the United States so easily, and those who hold them are probably mixing them as we speak, so they can keep them in the future.
