Venezuelan Bitcoiner in the Running to Replace Nicolás Maduro

Following the capture of Venezuelan President Nicolás Maduro on Saturday, attention has turned to the country’s transition to new leadership — and one Bitcoiner is in the running to lead that charge.

María Corina Machado, Venezuelan opposition leader and winner of the Nobel Peace Prize in 2025, is the second-favorite to lead Venezuela’s shift away from authoritarian rule under Maduro, who has been transferred to New York to face federal charges related to narcotics trafficking and corruption.

Data from predictions market Kalshi shows Machado has a 28% chance of leading Venezuela by the end of 2026, trailing only Unitary Platform’s Edmundo González Urrutia (32%), who is widely believed to have won Venezuela’s election in May 2025 but was blocked from assuming the presidency by Maduro’s United Socialist Party.

In third is Vice President Delcy Eloína Rodríguez (27%), Maduro’s former running mate, who was appointed acting president by Venezuela’s Supreme Court following Maduro’s capture. 

US President Donald Trump said that the US would run Venezuela until a new leadership is established, raising uncertainty about the country’s short-term future.

A Machado-led Venezuela could see basic human rights and political freedom restored, as well as a sharp turn toward free-market reforms, including the use of Bitcoin (BTC) as an alternative to the crippling Venezuelan bolivar, which has lost more than 99.99% of its purchasing power since Maduro took office in 2013.

Bitcoin has been a “lifeline” for Venezuelans: Machado

Speaking with the Human Rights Foundation’s chief strategy officer, Alex Gladstein, in late 2024, Machado envisioned making Bitcoin a national reserve asset and assisting its adoption as a payments solution:

“Venezuelans found a lifeline in Bitcoin during hyperinflation, using it to protect their wealth and to finance their escape,” Machado said at the time.

“It has evolved from a humanitarian tool to a vital means of resistance. We are grateful for the lifeline Bitcoin provides and look forward to embracing it in a new democratic Venezuela.”

Over 8 million Venezuelans have fled the country since Maduro took over in 2013, and crypto has been one of several payment tools used to send money back to family members.

Trump is not confident about Machado

Machado’s odds on Kalshi briefly overtook González’s on Saturday, but fell after US President Donald Trump said she doesn’t have the respect to lead Venezuela out of Maduro’s regime.

“I think it would be very tough for her to be the leader. She doesn’t have the support within or the respect within the country. She’s a very nice woman, but she doesn’t have the respect.”

Trump’s take has been opposed by several political analysts familiar with Venezuela’s situation, including the founder and CEO of Project Pulso, Liz Rebecca Alarcón, who told ABC that the opposition leader already has overwhelming support.

“We also want our will as Venezuelans inside and outside of the country to be respected and that will is for Maria Corina Machado and Edmundo Gonzále Urrutia to eventually take hold.”