---

smart summary beta

Norwegian billionaire Øystein Stray Spetalen, who once called bitcoin “nonsense,” has reportedly capitulated and invested in the cryptocurrency after seeing another billionaire in Norway embracing bitcoin.

Once a bitcoin skeptic who called the cryptocurrency “nonsense,” he has now changed his mind and invested in bitcoin as well as a local crypto exchange.

However, during a recent interview with Finansavisen, he revealed that he has purchased bitcoin as well as invested in Miraiex, a Norwegian crypto exchange platform owned and operated by the Oslo-based Mirai Technologies AS.

In March, Norwegian oil billionaire Kjell Inge Rokke established a new business dedicated to bitcoin called Seetee with 500 million kroner ($59 million) in capital, which he called “an amount we aim to increase significantly over time.” Rokke believes that bitcoin could “become the core of a new monetary architecture” and each coin could be “worth millions of dollars.” He also confirmed that his new company “will keep all its liquid investable assets in bitcoin.” While Spetalen did not disclose the amount of his BTC investment, he said that it was less than what Røkke has invested.

Goto Full Article