According to the latest information from Bitcoin.com, they have reported on this. I don't know if this is a bad effect or a good effect on the market? Everyone can make a point here.
If they are holding cryptocurrency, it depends on the cryptocurrency they assume to be holding, is it the popular bitcoin or is it the new cryptocurrency they are creating which if it is the new cryptocurrency, it would just be a way of them making more money. I understand that they are creating their own Petro coin, and if this coin being created is being held by them, then they will do everything possible to just push it to the very best end.
Holding cryptocurrency is just going to be like the way satoshi is holding 980 000 of bitcoin now and you can imagine how much that is worth now, so if Venezuela creates a currency and they are holding about 10 millions of it and they push the coin to at least reach 10 to 50 dollars, imagine how much Venezuela would have made form that.