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Bitcoin: Norwegian Finance Minister predicts BTC “upheaval” By Investing.com


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Investing.com – While most central bankers, finance ministers and financial regulators around the world have a fairly strong negative opinion on cryptocurrency and cryptocurrency in general, Norway’s finance minister stood out yesterday by suggesting that cryptocurrencies will at some point exceed the volatility for which they are currently known and experience a period of “breakthroughs”.

“It is clear that there may be an evolution over time, whereby you will be able to obtain more stabilization mechanisms in currencies which may lead to larger breakthroughs and upheavals a bit longer. term, “Jan Tore Sanner said in an interview with Bloomberg on Tuesday.

He said, however, that this is “not a market I would recommend consumers to enter.”

Separately, Sanner called for more regulation of cryptos, saying he doesn’t see cryptoassets mainstream until they are properly regulated, noting that for now, cryptocurrencies are also “popular. to criminals “.

Recall that on Wednesday, the country’s financial watchdog urged consumers to think carefully before placing their money in assets such as cryptocurrencies, digital art or precious metals, given the risks.

However, according to Sanner, people should be free to decide for themselves whether they feel comfortable investing in. But he also said that he is not yet ready to be used as a substitute for money.

“There is no doubt that there is a great deal of interest in cryptocurrencies, both in Norway and internationally,” Mr. Sanner said. “But so far, it is not suitable as a means of payment”.

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