The same month, the Norwegian billionaire investor Oystein Stray Spetalen went from leaving bitcoin (BTC) as an “illogical currency” to revealing that he became a member of the board of Norway’s largest domestic cryptocurrency exchange, MiraiEx.
Spetalen’s previous position was that cryptocurrencies such as Bitcoin should be “immediately” banned by Norwegian and European authorities due to the destructive environmental impact of mining. In a pre-recorded interview broadcast at the DNB Invest conference on March 18, he said:
“Bitcoin currently uses as much energy as the whole of Norway. It is extremely hostile from an environmental perspective. The authorities and the EU must immediately ban it. Then they will drastically reduce carbon dioxide emissions […] This is just nonsense. Good with today’s payment systems. ”
However, by March 26, Spetalen had changed its accent in an interview with the Norwegian newspaper Finansavisen. “When the facts change, I change,” he said. “I met MiraiEx founders Thuk and Oyvind the day after they recorded their podcast in early March, and I realized I was wrong.”
The Norwegian cryptocurrency exchange and depository MiraiEx raised NOK 5 million ($ 580,000) at the end of 2020 to expand its activities. In addition to investing in a successful local stock exchange and participating in the board, it seems that Spetalen has now bought bitcoin, albeit for a smaller amount than the Norwegian billionaire Kjell Inge Rökke. Revealing its uncertain investments in the best cryptocurrency, Spetalen said:
“When I also read that Kjell Inge Rökke took up Bitcoin, it was very clear. I can not see Ryokke make money, not me. ”
Rökke is chairman of the board of the industrial holding company Aker ASA of 6 billion dollars, which established a dedicated corporate investment unit in the Bitcoin ecosystem in early March this year. The division was originally capitalized at NOK 500 million (approximately $ 58.6 million) and plans to store all its investment liquid in bitcoin.
It was also recently revealed that Norway’s 1 trillion state pension fund, also known as the oil fund and the largest state wealth fund in the world, indirectly owns almost 600 bitcoins through its investment holdings.