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Venezuela's state oil company PDVSA's debt levels have risen again in 2025. The latest data shows that its total debt has climbed to $34.8 billion. While this figure may not seem like a significant increase, it reflects a deeper issue: fluctuations in global commodity prices, geopolitical risks, and uncertainties in the energy market are continuously impacting the financial health of traditional energy giants.
For cryptocurrency market participants, such national-level economic difficulties often increase the demand for safe-haven assets. When the traditional financial system faces pressure, some emerging market investors turn to decentralized assets like Bitcoin as a hedge. The ongoing accumulation of PDVSA's debt essentially reflects a reallocation of global economic liquidity within the dollar system. This macroeconomic backdrop often influences the long-term trends of cryptocurrencies and institutional allocation strategies.