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Bitcoin May One Day Be Worth Millions of Dollars: Norwegian Oil Mogul

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Mon, 03/08/2021 - 10:53
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Yuri Molchan
Norwegian oil magnate has come out strong in favour of Bitcoin, while Goldman Sachs plans to relaunch its crypto trading desk
Bitcoin May One Day Be Worth Millions of Dollars: Norwegian Oil Mogul
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As reported by Bloomberg, Norwegian oil mogul Kjell Inge Rokke has recently publicly shared his interest and positive stance on Bitcoin.

He stated that BTC could be the best mode of protection against the disruption faced by the finance industry and central banks.

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"Bitcoin may one day be worth millions of dollars," Inge Rokke

Rokke's company, Aker ASA, controls numerous oil patches and oil service companies in Norway. Recently, it has tapped the market of green technologies and renewable energy.

A new company called Seetee AS will work with crypto and plans to buy $58 million in Bitcoin for a start.

The billionaire said in a statement that Bitcoin may go down to zero. However, it can also become the "core of a new monetary architecture."

He also believes that one day, the flagship cryptocurrency may cost "millions of dollars."

He believes that the finance sphere is going to radically change in the near future, along with fossil fuels.

What the company will do with Bitcoin

Seetee AS will start investing in Bitcoin and initiate partnerships with major players in the Bitcoin community. It also intends to start Bitcoin mining and invest in innovative projects and companies related to blockchain.

Related
Peter Brandt Believes There's 50% Chance Bitcoin Will Go to $1 Million

Goldman Sachs plans to restart its crypto trading desk

Bloomberg has also shared that Goldman Sachs analysts see a massive demand for crypto assets from financial institutions in the near future, so the banking giant intends to restart its crypto trading desk.

Goldman Sachs has polled almost 300 clients. Forty percent of them now have exposure to digital assets, as per the global head of digital assets, Matt McDermott.

A lot has changed since 2017, and now financial institutions are seeing a surging demand for crypto. He confirmed the rumors that Goldman Sachs is working to restart its crypto trading desk, saying that it will be "quite narrow initially" and will focus on crypto futures, similar to CME Group.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.