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Bitcoin’s price took a beating after Elon Musk’s announcement of Tesla’s suspension of BTC payments due to environmental concerns. However, a Norwegian billionaire remained steadfast in his support for the crypto saying that Musk’s comments have not changed BTC’s fundamentals.
Norwegian billionaire and Aker ASA chairman Kjell Inge Rokke remains unperturbed even after Musk’s comments, which cited Bitcoin’s energy consumption. In fact, Aker is open to accepting the crypto as a payment option, according to Bloomberg.
Rokke’s stance on Bitcoin was reaffirmed during the latest Bloomberg interview of Aser CEO Oyvind Eriksen, who spoke on behalf of the company. “We’re curious about this technology,” Eriksen said. The CEO also stated that Bitcoin and blockchain “will change behavior patterns and the markets we are in.”
The CEO also commented on Musk’s Twitter announcement of Tesla’s decision to cease accepting BTC payments. For Aker, the Tesla CEO’s latest comments “haven’t changed anything,” according to Eriksen.
Rokke, who owns around 70 percent of the investment company Aker ASA, earlier said that Bitcoin’s entry into the mainstream economy is inevitable. “The question is not if, but when,” the billionaire wrote in a letter to shareholders while stressing the need for Aker to “keep up with the times.”
Norway’s second-richest person acknowledged the risks associated with investing in the crypto but also highlighted the potential for its price to skyrocket to seven-digit levels. “Bitcoin may still go to zero,” Rokke said. “But it can also become the core of a new monetary architecture. If so, one bitcoin may be worth millions of dollars.”
In March, the company put up a subsidiary called Seetee AS that will focus on Bitcoin and blockchain technology. “Seetee will initially focus on 1) investing in and owning bitcoin, 2) joining the Bitcoin and broader blockchain community and establishing partnerships with leading players, 3) launching Bitcoin verification operations, and 4) building and investing in innovation projects and companies in the Bitcoin and blockchain ecosystem,” Aker AS announced.
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