Fred Ehrsam enters Venezuelan oil industry

Coinbase co-founder and cryptocurrency billionaire Fred Ehrsam is entering the Venezuelan oil industry. This move follows calls from former U.S. President Donald Trump for American companies to engage in oil extraction within the country following the arrest of Venezuelan President Nicolás Maduro in January.

Ehrsam described the venture as a rare opportunity, stating, “Such opportunities are only seen a few times in one's lifetime.”