EU and UK are toothless loyal US dogs. They doesn't have own decision making process now. The point here isn't is Maduro good or bad, but the point is they are breaking all democratic principles.
Having Bitcoin will not help Maduro anyway. He will need to convert to fiat at some point. And all cryptos are what 120B? This is nothing compared to world finances and needs.
Not really an argument. Appealing to low liquidity just proves that Bitcoin is still tiny and thus potential for growth huge. If you look a the fundamental analysis, it still applies: If Maduro had Bitcoin reserves instead of gold reserves, it would be better than 0, which is what he is going to get as soon as US gets a foot inside Venezuela
Agree, that's a shaky argument
But before "appealing to low liquidity" counterargument, we should ask why would this villain want to cash out everything? Cashing out so much would definitely raise a lot of red flags as to the source of all this wealth. And Maduro may end up losing his bitcoins just as easily as he has already lost the "Aztec gold". In this manner, if we assume he was prudent enough to exchange the gold for crypto, we should as well assume that he wouldn't be that stupid to try selling all his bitcoins at once
The main point is to plan ahead before the attackers enter your borders looking for your stuff. So if Maduro wanted to do it right he would already hold all of his coins. He would also appoint someone he could trust to have a backup overseas. Typically countries position themselves depending if they are from the western axis or the euro-asian axis. So then this appointed person would move to whatever country is officially supporting Venezuela, like Russia. At this point his wealth would be sitting within safe borders and he would be free to sell or not to sell his bitcoins.
For this reason bitcoin beats gold and therefore is undervalued by the $trillions.