Last week, in an interview, the finance minister of Norway named Jan Tore Sanner said that “Cryptocurrencies like bitcoin are known for their volatility and a period of breakthroughs, but it will move beyond this point of time. He added, “It is clearly visible that cryptocurrencies are developing over time, and these digital currencies, when they get more stabilized mechanisms, can lead to more upheavals and breakthroughs in a long period.” According to him, cryptocurrency isn’t a market, and that he would suggest all the industries or people enter.
According to him, the Finance minister also said that cryptocurrencies like bitcoin system could never make it to the mainstream unless and until they are regulated properly. He also mentioned that digital currencies are quite popular among criminals. Sanner added, people should study the crypto market and then make their own decision about whether they should invest in bitcoin or not. Still, he put more emphasis on describing the cryptocurrencies that aren’t ready yet to be replaced with regular money.
Sanner spoke out that there is a great interest in cryptocurrencies across the world, especially in Norway, but it isn’t suitable to be considered as the mode of payment. The incline and rivals of bitcoin have triggered a swing of warnings from both monetary authorities and government, who are pointing to cryptocurrencies’, being short of the original value. In the meantime, the central banking systems are being innovative and are planning to develop their digital currencies to complete the system and move towards being a cashless world.
Oystein Olsen, the governor of the central bank of Norway, is one of the disbelievers of Bitcoin. Still, he is the billionaire owner of the biggest corporate empire of the Norway country that has emerged as a great bitcoin enthusiast. A shareholder in Aker named Kjell Inge Rokke even said that Bitcoin revolution would definitely end on the right and positive side of history, which provides a hint that the company might start with bitcoin payments in the future.
The Finance Minister of Norway urged consumers to think and research before investing their hard-earned money into cryptocurrencies or digital arts, as these are associated with many risks. He said that bitcoin might experience more breakthroughs if its market and price stabilizes in the future. You must think a hundred times before investing in any crypto asset and must learn about regulations.