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Norwegian Billionaire Invests in Bitcoin After Calling for Ban

Norwegian Billionaire Invest Bitcoin After Calling for Ban
  • Norwegian billionaire invested massively in Bitcoin.
  • Spetalen bought an undisclosed amount of BTC.
  • The Investment is made on the Norwegian crypto exchange MiraiEx.

Norwegian kroner billionaire Øystein Stray Spetalen has invested massively in Bitcoin (BTC) and with MiraiEx, a Norwegian crypto exchange. This came after he criticized the crypto, Finansavisen reported on Friday.

Per the publication, Spetalen has recently bought an undisclosed amount of BTC and invested in MiraiEx. Indeed, a huge fund that would expedite the expansion of the exchange.

This made MiraiEx spokesperson react and said:

We did not really need money. We just wanted to grow faster.

Meanwhile, Øystein Stray Spetalen’s opinion on Bitcoin was diametrically opposite just last week. In addition, Øystein explains that the crypto is hateful to the environment and asserted that the EU’s regulators should outright ban it.

However, Øystein  instantly shifted his tune after talking with the MiraiEx founders, ” When the facts change, I change. I met the Miraiex founders Thuc and Øyvind the day after the podcast was recorded in early March and realized that I had been wrong. And when I also read that Kjell Inge Røkke had gone into bitcoin, it was quite obvious. I can’t bear to see that Røkke makes money and not me,”he said.

Moreover, Kjell Inge Røkke is another Norwegian investor who manages AKER local holding company that eyes Bitcoin cryptocurrency. On March 8, the firm announced that it has established Seetee, a technology that focuses on Bitcoin. As a result, Seetee will focus on investing in projects and companies throughout the Bitcoin ecosystem, starting with a purchase of 1,170 BTC $58.5 million at the time.

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A Computer Engineering graduate who writes news focuses on cryptocurrency-related and blockchain technology. He is enjoying using his skills to contribute to informing people of the exciting technological advances that happen every day.