A Billionaire from Norway Has Invested in Local Cryptocurrency Exchange

A Billionaire from Norway Has Invested in Local Cryptocurrency Exchange

Crypto News Exchanges News
March 29, 2021 by Elias Powell
21
Since the launch of the cryptocurrency industry, the financial and mainstream institutions continued opposing the very existence of cryptocurrencies. Since its launch in 2009, the industry faced a lot of skepticism and resistance from majority of the financial institutions. The major reason why the industry faced a lot of opposition from other sectors was the

Since the launch of the cryptocurrency industry, the financial and mainstream institutions continued opposing the very existence of cryptocurrencies. Since its launch in 2009, the industry faced a lot of skepticism and resistance from majority of the financial institutions.

The major reason why the industry faced a lot of opposition from other sectors was the very ideology and nature of its technology .The cryptocurrency industry encouraged the concept of decentralization and made it a reality while the traditional financial institutions wanted to keep things in their control

This was the major reason the cryptocurrency industry found it really difficult to be adopted by the mainstream institutions. It was because the traditional financial institutions were never willing to adopt cryptocurrencies and offer them to their clients.

However, as the world has started moving towards the global virtual and remote adoption, and development, things have started changing drastically.

Now that the entire world has recognized the importance of remote/virtual currencies and assets, they have started adopting cryptocurrencies and other digital assets in masses.

This is the reason why the year 2020 turned out to be the best for the growth and development of cryptocurrency adoption. This was the same year that resulted in mainstream of the entire cryptocurrency industry.

The best thing that could ever happen to the cryptocurrency industry was receiving the support from people who once doubted the technology. With time, the cryptocurrency industry has seen how many people change their views about the existence of cryptocurrencies.

From being hardcore opposers of the industry, these people have become the proponents of the cryptocurrency industry. These people and personalities have had their perception changed about cryptocurrencies so much that they support cryptocurrencies with closed eyes.

One such personality that recently made it to the headlines is Oystein Stray Spetalen, who is a billionaire from Norway. It was just the beginning of this month when Spetalen was seen criticizing the current situation of Bitcoin (BTC).

According to him, Bitcoin (BTC) is a digital asset that cannot be trusted with investments as it is highly volatile. He added that Bitcoin (BTC) would be a bad idea for anyone who is planning to invest in it for a longer-term.

However, now it seems that Spetalen has suddenly had a change of mind. It has been revealed that Spetalen has recently gone ahead and become one of the members of the board of directors at MiraiEX. MiraiEX is currently known to be the top cryptocurrency exchange in Norway.

Previously, Spetalen was found making statements surrounding the banning of cryptocurrencies and Bitcoin (BTC). He previously demanded for the Norwegian as well as the European to put an end to Bitcoin (BTC) by banning it completely.

On March 26, 2021, Spetalen was seen making a statement that he will change his view and perspective about an asset if the facts surrounding the asset change. This is exactly what has happened around Bitcoin (BTC), which is why he has decided to monitor the industry more closely.