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Norwegian billionaire does a 180 turn on Bitcoin, proceeds to buy the asset after calling for a ban

Sara Zhang

Summary: According to a report by Norwegian newspaper Dagens Næringsliv (DN), Øystein Stray Spetalen, a Norwegian businessman, has recently invested in Bitcoin a few days after shaming the cryptocurrency and calling for its ban. The billionaire had a change of heart barely 10 days after his earlier comments.  Spetalen defending his new decision told Norwegian business ...

According to a report by Norwegian newspaper Dagens Næringsliv (DN), Øystein Stray Spetalen, a Norwegian businessman, has recently invested in Bitcoin a few days after shaming the cryptocurrency and calling for its ban. The billionaire had a change of heart barely 10 days after his earlier comments. 

Spetalen defending his new decision told Norwegian business newspaper Finansavisen in an interview: "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. Can’t bear to see that Røkke makes money and not me."

by Sara Zhang

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Link: Norwegian billionaire does a 180 turn on Bitcoin, proceeds to buy the asset after calling for a ban   [Copy]
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