The Norwegian Finance Minister believes that Bitcoin may experience a “breakthrough”. He pointed out: “There is no doubt that there is a strong interest in cryptocurrencies in Norway and internationally.”
Norwegian Finance Minister said that Bitcoin may have a breakthrough
Norwegian Finance Minister Jan Tore Sanner stated in an interview last week that “cryptocurrencies will surpass the currently known volatility at some point and undergo a period of’breakthrough’,” Bloomberg reported. He was quoted as saying:
Obviously, as time goes by, there may be a development, you will be able to obtain more currency stability mechanisms, which will bring greater breakthroughs and turbulence in a slightly longer period of time.
However, he pointed out that for now, cryptocurrency is not the market he recommends consumers to enter.
The Finance Minister added that he believes that crypto assets will not become mainstream until they are properly regulated, and mentioned that cryptocurrencies are also “welcome by criminals”.
Despite this, Sanner stated that people should freely decide whether to invest in Bitcoin, but emphasized that cryptocurrencies are not yet ready to be used as a currency substitute. he thinks:
There is no doubt that there is a strong interest in cryptocurrencies both in Norway and internationally. But so far, it is not suitable as a means of payment.
Bitcoin News recently reported that some Norwegian billionaires have entered the crypto space. They include Ole Andreas Halvorsen, Øystein Stray Spetalen and Kjell Inge Røkke.
What do you think of the comments of the Minister of Finance of Norway? Let us know in the comments section below.
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