Who is Fred Ehrsam, and what is his reported involvement in Venezuela?

Fred Ehrsam is the 38-year-old co-founder of Coinbase Global Inc., worth $2.6 billion according to the Bloomberg Billionaires Index, who has made repeated trips to Caracas, met with senior Venezuelan and U.S. officials including interim president Delcy Rodríguez and U.S. Interior Secretary Doug Burgum, and engaged with business executives and government insiders to explore investments in oil and gas, fintech, digital payments, and physical assets — though no deals have resulted from these exploratory talks.

What did Fred Ehrsam say publicly about Venezuela’s potential during his visit?

At an event hosted by state-run Banco de Venezuela, Ehrsam said he believed Venezuela had the potential to become 'the best country in Latin America', according to state-run media; at a private meeting with Venezuelan business leaders, he stated the country’s assets remained 'deeply undervalued' and that 'now was the moment to invest', per people present.

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Coinbase co-founder Fred Ehrsam is investing in Venezuela's oil, gas, and mining sectors, signaling potential recovery in the country's energy and mineral industries despite sanctions.

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Crypto Billionaire Joins Investors Making Risky Venezuela Bet for Outsized Returns

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From Crypto to Crude: Coinbase Billionaire Sees 'Superlative' Opening in Venezuela

Crypto Billionaire Joins Investors Making Risky Venezuela Bet for Outsized Returns

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