Well, darlings, it seems that following the initial drama in the charming capital of Caracas, our dear bitcoin has decided to put on its best frock and make a grand comeback! Just like an overzealous diva at the opening night, it has swanned back up to nearly $91,800-its highest since December 12, if you can believe it!
In a delightful twist, this cheeky cryptocurrency has added nearly three grand to its purse since the US decided to play cowboy with Venezuela. A slight dip has it flirting around $91,300 as we speak, but one mustn’t fret; it’s all part of the theatrical performance! 🎭
BREAKING NEWS: Bitcoin has pirouetted above $91,000, leaving over $60 million worth of poorly timed shorts gasping for air in just an hour. Quite the showstopper, isn’t it?
It’s up a sprightly $3,000 since the curtain rose on those unfortunate attacks last night.
– The Kobeissi Letter (@KobeissiLetter) January 4, 2026
And if you thought the spotlight was only on bitcoin, think again! Most of the digital darlings are basking in a lovely shade of green, the only market strutting its stuff over the weekend. Tokens linked to our very own President-WLFI and TRUMP-are having their moment too, with WLFI soaring by a fabulous 14% while TRUMP prances along with a respectable 7% gain.
Now, considering the delightful ramifications of the evening’s escapade and our dear Trump’s declaration that the US shall run the Venezuelan oil industry for the time being, analysts are placing their bets (and their monocles) on even more volatility come Sunday at 6 PM ET. Mark your calendars, folks! ⏰
According to the savvy thinkers at The Kobeissi Letter, Venezuela is sitting on a veritable treasure trove of over 300 billion barrels of crude oil-talk about a golden goose! With oil prices hovering around $57 per barrel, we’re looking at a staggering $17.3 trillion in total reserves. Quite the sum for a little soirée, wouldn’t you agree?
They do add, however, that even if our illustrious US sells this liquid gold for a paltry half of the market rate, we’d still be staring at a whopping $8.7 trillion-more than the GDP of all but China and the US! It truly is a new world order, darling, and I daresay most people are blissfully unaware of how dramatically the stage has shifted. Hold onto your hats, because as the financial markets, especially oil, open for trading, expect quite the spectacle ahead!
This is absolutely insane:
Venezuela currently boasts 303 billion barrels of crude oil reserves, now under the benevolent control of Trump. Oil prices are dancing around ~$57/barrel, making those reserves worth a staggering $17.3 TRILLION. Can you imagine?
Even if the US sells this oil for HALF of the…
– The Kobeissi Letter (@KobeissiLetter) January 3, 2026
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2026-01-04 10:17