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Norwegian Finance Minister: Stabilization of BTC on the horizon

2 min read
Jan Tore Sanner Minister of Finance Norway
Source: e24.no

Norwegian Finance Minister Jan Tore Sanner said in a recent interview that the world’s most important cryptocurrency will reach bright tomorrows if volatility issues can be resolved. What did Norway’s next finance minister say?

Volatility and breakthrough issues for BTC

In a recent interview with the news portal Bloomber, Finance Minister Sanner spoke about BTC and other digital assets. According to his past opinions, the Norwegian Minister of Finance has emerged from the critics of BTC.

Jan Tore Sanner believes that BTC can overcome its instability and achieve a breakthrough in the long run. He stated:

“Obviously, over time, there may be developments in which you will be able to acquire more stabilization mechanisms in currencies, which may lead to greater breakthroughs and shocks in the slightly longer term.”

Despite his very optimistic forecast, Sanner said investors should be warned of possible risks in cryptocurrency markets. He recommended that people avoid trading in digital assets.

“This is not a market I would recommend to consumers to enter. There is no doubt that cryptocurrencies are of great interest both in Norway and internationally. But for now, it is not a suitable means of payment. “

Sanner further states that cryptocurrencies will go into the mainstream if properly regulated. The European institutions are working hard on regulatory measures. While Sanner remains neutral to cryptocurrencies, Norwegian Climate and Environment Minister Sveinung Rotevatn has openly admitted that he is a Hodler and a fan of BTC.

Conclusion

Although Norwegian Finance Minister Jan Tore Sanner trusts the cryptocurrencies in the future, he still remains on his feet and warns investors about the high volatility of BTC. However, opinions on cryptocurrencies differ significantly between politicians.

All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.
BlackRock (IBIT), the Grayscale Bitcoin Trust (GBTC), Fidelity (FBTC), Ark Invest/21Shares (ARKB), Bitwise (BITB), Franklin (EZBC), Invesco/Galaxy (BTCO), VanEck (HODL), Valkyrie (BRRR), WisdomTree (BTCW), Hashdex (DEFI)

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