Cryptocurrencies
Bitcoin May Yet See ‘Breakthrough,’ Norway Finance Minister Says
- Cryptocurrencies ultimately likely to stabilize, Sanner says
- Norway finance minister strikes less critical tone than peers
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The finance minister of Norway appeared to break away from the chorus of Bitcoin critics and suggested that cryptocurrencies will at some point move past the volatility for which they’re currently known and experience a period of “breakthroughs.”
“It is clear that there may be a development over time, whereby you will be able to get more stabilization mechanisms in the currencies that can lead to greater breakthroughs and upheavals in the slightly longer term,” Jan Tore Sanner said in an interview on Tuesday. For now, though, the finance minister warned that it’s “not a market I would recommend consumers to enter.”